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LECO consumers to get interest for security deposits of electricity


The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator together with Lanka Electricity Company Private Limited (LECO) yesterday launched an interest pay scheme for security deposits of electricity for LECO consumers at the BMICH.
Payment of interest on electricity consumer deposits is a benefit provided to the consumer under Section 28 of the Sri Lanka Electricity Act. Accordingly, electricity utility service providers have to pay interest to electricity consumers for the electricity deposit. PUCSL has the authority to decide the interest rate that to be paid to the consumers and the PUCSL declared that the interest rate for this year would be 8.68 per cent. The interest rate changes annually. ....

Sri Lanka , Janaka Ratnayake , Lanka Electricity Company Private Limited , Public Utilities Commission Of Sri Lanka , Public Utilities Commission , Sri Lanka Electricity , Electricity Consumers , ஸ்ரீ லங்கா , லங்கா மின்சாரம் நிறுவனம் ப்ரைவேட் வரையறுக்கப்பட்டவை , பொது பயன்பாடுகள் தரகு ஆஃப் ஸ்ரீ லங்கா , பொது பயன்பாடுகள் தரகு , ஸ்ரீ லங்கா மின்சாரம் , மின்சாரம் நுகர்வோர் ,

Does Sri Lanka need a regulator for utility industry


Former Chairman of PUCSL, Attorney at Law, Saliya Mathew writes
Being a utility regulator has
perils because the independence of the regulator necessarily removes power from
politicians, operators, and others. Furthermore, regulators are sometimes
scapegoats for unpopular policies and unavoidably become involved in shaping
the policies that they are supposed to implement. As a result of such
frictions, regulators are sometimes removed from office or marginalized in some
way. However, having a regulator is paramount important to a country and its
people. Sri Lanka has and had many regulatory authorities and these regulatory
institutions are known for its independence and for its dedication to improving ....

Sri Lanka , Saliya Mathew , Cadres Commission , Regulator For Water Services , Asian Infrastructure Regulatory Forum , Energy Ministry , Renewable Energy , Ministry Of Power , Petroleum Industries , Ministry Of Water Resources , Lanka Electricity Company Private , Consumer Affairs Authority , National Vocational Training Qualification , Public Utilities Commission Of Sri Lanka , Governor Of The Sabaragamuwa Provincial Council , Employee Trust Fund Board , Members Of Parliament , National Water , Former Chairman , Public Utilities Commission , Sri Lanka Electricity Act , Safety Regulatory , Renewable Energy Projects , Ceylon Electricity Board , Lanka Electricity Company Private Limited , Water Services ,