• Power cut situation will not last until end of this year 

By Chaturanga Samarawickrama   

The electricity bill should be increased by a considerable  percentage, at least to pay the monthly salary of the employees, CEB  Chairman M.M.C. Ferdinando said.    

Addressing the media, he said the electricity rates had not increased since 2014 until now.   
This is not a fault of the consumers, but the CEB had to  increase the bill amount step by step without making it a burden to the  people.   

The revenue of the Ceylon Electricity Board (CEB) is Rs.  277 billion and the cost is Rs.755 billion. The CEB should increase the  bill by at least 250 per cent to compensate for the loss, which is  neither unreasonable nor unjust.  However, no decision has been taken yet to increase the electricity bill, he said.   

Meanwhile, the CEB chairman assured that the prevalent  power cut situation will not last until the end of this year. He said  the CEB is looking forward to minimising the power cut duration from  three hours to twenty minutes until the diesel issue is solved and with  the increase of hydropower generation.

• The revenue of the Ceylon Electricity Board (CEB) is Rs.  277 billion and the cost is Rs.755 billion. The CEB should increase the  bill by at least 250 per cent to compensate for the loss, which is  neither unreasonable nor unjust