⚡ No Firm Timeline Yet for Electricity Tariff Reductions: Minister

• Overview: Government cannot provide a specific timeline or fixed percentage cut for electricity tariff reductions despite ongoing renewable energy expansions, according to Energy Minister Anura Karunathilaka. • Tariff Mechanism: Electricity tariffs will continue to be determined annually through cost-based calculations by the Ceylon Electricity Board (CEB). Reductions will occur progressively as generation costs decrease over successive years. • Renewable Expansion: • Solar capacity has already surpassed 3,070 MW. • Plans for 2027–2029 include adding an extra 1,392 MW of solar power and ~1,240 MW / 4,660 MWh of battery storage. • Impact: Cost benefits from lower-cost renewable additions and battery storage will be passed to households and businesses through future annual tariff-setting processes as overall system generation costs decline.