Navigating the Tides: How a Tariff Tweak Turned CEB's Fortunes Around The Ceylon Electricity Board (CEB) is back in the black, a remarkable turnaround that has everyone talking. After facing a staggering Rs. 18.47 billion loss in the first quarter of 2025, the state-owned utility has reported a profit of Rs. 5.31 billion for the quarter ending June 30, 2025. This pivot from deep red to a healthy profit is a testament to the powerful impact of a recent electricity tariff revision. Just a few months earlier, the picture was starkly different. Following a 20% tariff reduction in January 2025 by the new government, the CEB had been hemorrhaging money. This well-intentioned move, aimed at providing relief to consumers, ultimately came at a significant financial cost to the board, contributing heavily to the massive first-quarter losses. The shift in strategy, with the government adjusting tariffs again in June, aligns directly with a key requirement from the International Monetary Fun...
Electricity is the backbone of modern life, but in Sri Lanka, power supply issues remain a persistent challenge. From frequent blackouts to rising costs, Ceylon Electricity impacts homes, businesses, and industries. In this blog, we explore the current state of Sri Lanka’s power sector, the causes behind electricity shortages, and what the future holds for a more reliable energy grid.