Sri Lanka should stop raising power tariffs suddenly by large percentages after driving the economy to crisis, but use an already established methodology to revise prices in an orderly way, consumers said.
“These ad hoc tariff increases are bad of the industry,” Srilal Miththapala, representing hotels at a public hearing on proposed tariff hike called by the regulator, the Public Utilities Commission of Sri Lanka said.”If you have a road map, saying that this is how it is going to change – we understand the subsidies, we understand all this – to get a cost-reflective set up, put a roadmap and go for it.
“We industrialists, hoteliers all will know. In five years time, yes even a 100 percent increase. No problem. Then we can plan for it.”
Mitthapala said electricity amounted to about 17 percent of overall expenses of a hotel. He said one investor had dropped a project…