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Japan Association of Athletics Federations requests PUCSL to review off-peak fees

Colombo (No. 1 in News); Public Utilities Commission (PUCSL) granting Ceylon Electricity Board (CBSL) electricity rate hikes, resulting in exponential increase in off-peak and daytime tariffs applied to the industry said the Joint Apparel Association Forum.

The first proposal by PUCSL was to increase the off-peak industrial electricity tariff from Rs.6.85 to Rs.14.50 and the daytime tariff from Rs.11.00 to Rs.18.50. In response, the Joint Apparel Association (JAAF) submitted a counter-proposal in consultation with stakeholders, identifying the 113% increase in off-peak industrial electricity rates as very high and detrimental to the industry. .

The Japan Association of Athletics Federations proposed a final tariff increase in two stages, with the proposed rate being reduced to about 50% at each stage.

However, as the industry understands that these revisions are essential to rectify the huge losses suffered by the Ceylon Electricity Board (CEB), the JAAF has opted for a gradual reduction of the proposed daytime rates. I did not propose to oppose the amendment.

Surprisingly, despite the caution stressed by JAAF, the approved off-peak and daytime fares are higher than the originally proposed l2 category fares. Furthermore, to the surprise of the industry, the price revision during the day was three times his original proposed price. The table below shows previous, proposed and published daytime and off-peak tariff revisions.

JAAF is concerned about the final industrial electricity tariff because it overlooked the needs of the apparel industry and suggestions made by JAAF in consultations with stakeholders on behalf of the industry. increase.

Reiterating the JAAF’s concerns, increasing off-peak fees defeats the very purpose of having off-peak slabs to encourage businesses to operate during off-peak hours. The move will further increase the industry’s operating costs, forcing the industry to incur higher off-peak labor costs. Additionally, energy-intensive businesses such as the textile industry operate on a 24-hour cycle. An exponential increase in off-peak tariff rates would disproportionately increase tariff costs for the industry, making business operations infeasible and impractical.

An exponential increase in both off-peak and daytime tariff rates would also increase costs across the industry, adversely affecting the JAAF’s strategy to boost Sri Lanka’s annual apparel export revenues to US$8 billion by 2025. prize. Hinders added value and diversification of exports.

JAAF therefore urges the power sector regulator, PUCSL, to re-evaluate the exponentially high off-peak and daytime industry tariff rates and consider submissions against the initial proposal. Urgent attention to this issue is essential to enable businesses to plan and budget better. This will allow the apparel industry to continue supporting the country’s economic revival.

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https://www.newsfirst.lk/2022/08/17/jaaf-requests-pucsl-to-re-assess-off-peak-tariff-rates/ Japan Association of Athletics Federations requests PUCSL to review off-peak fees

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