In a significant move, Sri Lanka’s Minister of Power and Energy, Kanchana Wijesekera, announced a 55 percent relief in electricity prices for a large portion of the population. This relief measure is expected to benefit approximately 3.5 million consumers out of the total 6 million in the country. The reduction in electricity prices aims to alleviate the financial burden on households and promote economic stability.
The government’s decision comes as a response to the rising cost of living and the challenges posed by the COVID-19 pandemic. The relief in electricity prices is expected to provide much-needed respite for consumers, allowing them to better manage their expenses. The move reflects the government’s commitment to supporting the welfare and well-being of its citizens during these challenging times.
The reduced electricity prices will contribute to easing the financial strain on households and supporting economic recovery in Sri Lanka. The relief measure is part of the government’s broader efforts to address the economic impact of the pandemic and ensure the affordability and accessibility of essential services for the population.