FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Expolanka to continue its winning streak
by samaritan Today at 4:12 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Today at 12:53 pm

» Govt gets its priorities wrong
by samaritan Today at 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Today at 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Today at 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Today at 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Today at 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Today at 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Wed Jun 29, 2022 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Tue Jun 28, 2022 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka regulator starts power price revision process

Sri Lanka regulator starts power price revision process

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Jan 24, 2013 (LBO) - Sri Lanka's power regulator has kicked off a process to revise tariffs saying it has received cost estimates from the main state-run transmission and distribution licensee.

The Public Utilities Commission of Sri Lanka said in a statement Thursday the state-run Ceylon Electricity Board had filed estimated cost of 268 billion rupees.

"The Commission is in the process of assessing these estimates," the PUCSL said in a statement.

"The Commission will study whether these estimates presented by the CEB are compiled in line with the approved tariff methodology.

"The Commission will also take into account the applicability and accuracy of these estimated costs. Based on this analysis the Commission will revise the estimates of the CEB."

If the commission decides to revise the tariffs a public consultation will be held and tariffs will be revised taking into consideration any subsidies received from the Treasury.

But subsidies from the Treasury are also collected from the people or borrowed, which requires an interest rate hike in the economy.

In 2012 Sri Lanka's rupee fell from 110 to 134 to the US dollar mostly due to a surge in bank credit taken by state-run power and petroleum utilities from mid 2011, which were effectively accommodated with central bank credit (printed money).

The central bank sterilized foreign exchange sales resisting an interest rate hike triggering a balance of payments crisis. In February 2012, energy prices were jacked up and rates allowed to go up.

The regulator is supposed to revise tariffs every six months if costs rise it was not done during 2011. In 2012 February energy prices were hiked as a part of measures to balance of payments pressure.

Regular energy price revisions based on a rule of law allows the exchange rate to strong and inflation low. A depreciating exchange rate destroys the real value of wages as well as lifetime bank savings deposits.

Power minister Champika Ranawaka earlier this week called for a price formula for both power and petroleum.
http://www.lbo.lk/fullstory.php?nid=1453343950

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum