Guidelines given to pay interest on deposit for electricity connections

Guidelines given to pay interest on deposit for electricity connections

37
0

The Public Utilities Commission has issued guidelines for the payment of interest for the security deposits of electricity consumers when providing an electricity connection.

The Commission has handed over this recommendation to the Ceylon Electricity Board and LECO. This recommendation has been prepared with the aim of putting into action a privilege entitled to by the electricity consumers under Section 28 of the Sri Lanka Electricity Act No: 20 of 2009.

Accordingly the interest should be calculated annually and matched with the interest revenue of the bill of the consumers in the month of January the following year. The interest for the bulk supply consumers should be calculated monthly and credited to the bill on a monthly basis.

The Public Utilities Commission has pointed out that when there is an amendment to safety deposit the calculation of general consumers should be carried out annually and a monthly calculation done to large scale consumers.