Sri Lanka to overhaul electricity pricing method that led to chaotic tariffs
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Sri Lanka to overhaul electricity pricing method that led to chaotic tariffs
ECONOMYNEXT – Sri Lanka is planning to overhaul the country’s electricity pricing methodology, regulatory officials said after a ‘clawback’ clause had undermined cost-reflective tariff and made it impossible to project prices within a reasonable range for businesses. Sri Lanka’s regulator cut electricity prices by 20 percent in January, falling foul of an International Monetary Fund requirement to match costs with prices as part of efforts to pr…
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