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ගවේෂණය කරන්න
විදසුන්
මාධ්ය නිවේදනය දකුණු අසියාවේ ඉහළම විදුලි ගාස්තු ඇත්තේ ශ්රී ලංකාවේ විදුලි ගාස්තුව කලාපයේ රටවලට වඩා 2.5 – 3 ගුණයකින් වැඩියි!
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
විදසුන්
මාධ්ය නිවේදනය දකුණු අසියාවේ ඉහළම විදුලි ගාස්තු ඇත්තේ ශ්රී ලංකාවේ විදුලි ගාස්තුව කලාපයේ රටවලට වඩා 2.5 – 3 ගුණයකින් වැඩියි!
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
විදසුන්
මාධ්ය නිවේදනය දකුණු අසියාවේ ඉහළම විදුලි ගාස්තු ඇත්තේ ශ්රී ලංකාවේ විදුලි ගාස්තුව කලාපයේ රටවලට වඩා 2.5 – 3 ගුණයකින් වැඩියි!
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
විදසුන්
මාධ්ය නිවේදනය දකුණු අසියාවේ ඉහළම විදුලි ගාස්තු ඇත්තේ ශ්රී ලංකාවේ විදුලි ගාස්තුව කලාපයේ රටවලට වඩා 2.5 – 3 ගුණයකින් වැඩියි!
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
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වීශේෂාංග
Sri Lanka annual GDP growth projected to be around 4.5% – 5 % in 2024
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...
2024-11-28
Daily News
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ප්රවාහනය සහ සන්නිවේදනය
නාගරික සංවර්ධනය සහ නිවාස
Paris Club ready for close coordination with China, India on Sri Lanka debt talks
The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but is still awaiting a reply, a source with direct knowledge of the matter told Reuters on Thursday.
2022-10-14
Daily Mirror
වැඩිදුර කියවන්න
Sweeping changes to personal and corporate income tax
Sri Lanka this week gazetted key income tax changes proposed in May, giving effect to a host of personal and corporate income tax hikes while removing concessions and exemptions, with a view to raise government revenues to fix...
2022-10-13
Daily Mirror
වැඩිදුර කියවන්න
Sri Lanka to seek IDA loans while remaining a middle-income country
The government stated that Sri Lanka will remain a middle-income country. Sri Lanka no longer qualifies for International Bank for Reconstruction and Development (IBRD) loans due to a downgrade of the country’s credit rating. Th...
2022-10-12
Daily News
වැඩිදුර කියවන්න
World Bank: Debt restructuring and implementation of deep reforms critical for Lanka’s economic stabilization
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic, the World Bank said on Thursday.
2022-10-09
The Island
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