No electricity tariff hike as NSO backs down
PUCSL to make final determination within six days By Ifham Nizam The National System Operator (NSO) has decided against seeking an electricity tariff increase for the October–December quarter, following an assessment of improved reservoir storage and expectations of above-normal rainfall. The decision, announced at the stakeholder consultation yesterday, 05 Nov., represents a significant shift…
The National System Operator (NSO) has decided against requesting an electricity tariff increase for the October–December quarter, according to the stakeholder consultation held yesterday, 05 Nov. This marked a significant change from the NSO's initial proposal of a 2.88% hike for the final quarter of 2026. The change in position aligns with the Government's assurance, given by Power and Energy Minister Anura Karunathilaka, that consumers would not be burdened with the financial ramifications of recent power outages.
The NSO's decision was influenced by improved reservoir storage and forecasted above-normal rainfall, which would reduce the sector's financial pressures. However, the final decision lies with the Public Utilities Commission of Sri Lanka (PUCSL), which must determine the electricity tariffs. The PUCSL had initially lowered the NSO's requested increase to 1.46%, following assessments of projected costs and revenue.
The PUCSL's latest decision is expected within six days, which could impact consumers' electricity costs for the remainder of the year.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
