Colombo: Sri Lanka’s state-run electricity cartel would raise tariffs by a stinging 264% for people consuming the least, it announced on Tuesday. The loss-making Ceylon Electricity Board (CEB) said the regulator had allowed it to carry out the sharp increases to recoup part of its accumulated losses of $616 million. The CEB had asked for a bigger tariff increase of over 800%, but the regulator capped it at a maximum of 264%.
