Vital Electricity Act amendments stuck in parliament
The Public Utilities Commission of Sri Lanka (PUCSL) would be in a position to further reduce the Ceylon Electricity Board s expenditure if the Sri Lanka Electricity Act No. 20 of 2009 was amended to give it more powers, a power and energy expert said on the condition of anonymity.
He told The Island that six Independent Power Producers (IPPs) that produced more than 25MW did not come under the purview of the PUCSL.
Bio Energy Association, President Parakrama Jayasinghe, asked for comment, said: 'Money invested in coal and oil goes out of the country unlike ours.' He said they had to be given priority as they produced renewable energy.
Meanwhile, some 80 of their organisations out of the 250 would make oral presentations on the proposed electricity tariff 2013 in Colombo today (4).
The PUCSL would find it difficult to give the green light for upward tariff revisions if the public opposed proposals, an official said.
Although PUCSL was exploring ways and means of reducing Rs. 40 billion from the cost of producing electricity this year estimated at Rs. 268 billion, Rs. 58 and Rs. 60 billion had to be borne by the consumers, a senior PUCSL official said.
The PUCSL last month reviewed the estimated expenditure submitted by the CEB for 2013, in line with the provisions in the tariff methodology and decided to reduce those costs by Rs. 40 billion.
The CEB filed Rs. 268 billion as its estimated costs of electricity supply in 2013. The PUCSL after an assessment of those estimates initially recommended a Rs. 33 billion reduction. Subsequently, a further seven billion rupees was reduced from the initial revised cost estimates, to mitigate the estimated impact of the fuel (furnace oil) price hike due to suspension of the implementation of the fuel price hike by three months.
Dumb Morons cannot go through a such difficult Document.
they can only raise hands to Impeach CJ or insult a person.
Edited By - Damed - 3 Apr 2013 20:59:48 GMT