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Electricity Bills in Sri Lanka: Highest in South Asia
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:
Featured Insight
Electricity Bills in Sri Lanka: Highest in South Asia
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:
Featured Insight
Electricity Bills in Sri Lanka: Highest in South Asia
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:
Featured Insight
Electricity Bills in Sri Lanka: Highest in South Asia
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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Expenditure Proposals from the 2023 Budget
The following infographics present some of the key expenditure proposals presented in the 2023 Budget.
2022-11-18
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Highlights from the Appropriation Bill for 2023
The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November. The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2...
2022-11-02
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