Proposed Electricity Bill will unbundle CEB services, guarantee quality supply: Kanchana

31 May 2024 02:11 pm Views - {{hitsCtrl.values.hits}} 8 Bookmark

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Colombo, May 31 (Daily Mirror)- The electricity sector reforms proposed in the Sri Lanka Electricity Bill will unbundle the services of the Ceylon Electricity Board (CEB) while guaranteeing a quality supply of electricity and services, Power and Energy Minister Kanchana Wijesekara said today.

"If approved next week in Parliament, the electricity sector reforms proposes to unbundle the services of the CEB, establish successor companies to take over different functions to operate more efficiently and in a transparent manner, to guarantee a quality supply of electricity and services and to reduce the cost of energy to the consumer in the future," he said in a statement on X.

The Minister said the proposed three-year reform timeline will also enable to establish wholesale markets, open access, power trading across regions and pave the way for necessary investments and competition for the sector.

He said a meeting of the CEB reforms committee was held at the Ministry of Power and Energy to discuss and prepare for next week’s crucial Parliament sitting and to plan the next steps on the final transfer plans, technical requirements and legal requirements.

The second reading of the Electricity Bill is to be debated and voted on June 6.

Comments - 8

Man Friday, 31 May 2024 04:17 PM

Like the fuel supply as the severe competition reduced the prices. What an absurd and hollow remark of him.

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Neomal Friday, 31 May 2024 08:42 PM

Man does not understand the broader supply issues that have been overcome, including the fact the the fuel brought in by the new payers are being funded entirely by the new players for one year, with no draw down on the local foreign exchange. Basically zero interest loan financing by the state for fuel, to the extent of the new players market share.

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Electric Piya Saturday, 01 June 2024 04:26 AM

Your Election stunt is too late my friend. Its time for you to go. Give it for free to Namal.

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Electrical Engineer Friday, 31 May 2024 07:35 PM

This is good as CEB monopoly does not allow competition and all losses are on people as taxes

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Nimal 1 Saturday, 01 June 2024 06:37 AM

On the contrary this will create more chaos. We should avoid the implementation of this bill until the next election, whatever it will be.

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Cecil Hedwige Saturday, 01 June 2024 08:41 AM

Mr Minister do whatever you want with the Electricity Board as long as you reduce the electricity bill of consumers. We the consumers are suffering with unaffordable electricity charges.

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Wera Saturday, 01 June 2024 11:02 AM

The Unafordable electricity charges are the result of the Corrupt CEB. How does hanging on to it make any change.

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DAR Saturday, 01 June 2024 02:39 PM

This is long overdue. Energy sector need to be divided into Infrastructure, Wholesale and Retail which will drive private investments, increase competition in retail market and benefit every person lives in this country. Most countries follow this model with the government's position as the regulator and owner of infrastructure. Stop these mafia of mini hydro and energy projects run by retail investors all over central plains and trying to sell energy to the market at exorbitant rates. They just killing natural beauty of our Highlands. We need government sponsored large infrastructure projects that safeguard our future, drive investment and create jobs in Sri Lanka.

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