The Hon. Nalinda Jayatissa
On behalf of the Minister of Energy, Nalinda Jayatissa provided annual Ceylon Electricity Board profit and loss figures from 2015 to 2025, showing major losses in most years, profits in 2023 and 2024, and a loss again in 2025. He stated that the main reason for accumulated losses was the absence of tariff revisions from 2014 to 2022 despite changes in fuel prices and exchange rates, and said a detailed report had been tabled in the Library. He added that the CEB is not currently making a profit, but any future profit would be passed to consumers through tariff revisions; questions on payments to unspecified “companies” could not be answered.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Answering on behalf of the Minister of Energy:
¶ 02 Question: Ceylon Electricity Board profit or loss since 2015; reasons; and relief to consumers.
¶ 03 (a) (i) Profit/(Loss) (Rs. million): 2015: 20,002.42 2016: (13,497.34) 2017: (45,961.07) 2018: (28,916.07) 2019: (85,348.19) 2020: (53,883.85) 2021: (21,450.37) 2022: (261,868.69) 2023: 61,235.68 2024: 144,394.48 2025: (38,739.948)
¶ 04 (ii) The principal reason for accumulated losses from 2015 is that tariffs were not revised from 2014 to 2022, despite fuel price and exchange rate volatility, and the Public Utilities Commission did not adjust consumer tariffs accordingly. A detailed report is placed in the Library.
¶ 05 (iii) The CEB is not earning a profit at present. If any profit is earned, relief through tariff revision will be provided to consumers.
¶ 06 (b) Regarding payments to “companies,” since “companies” are not specified, a direct answer cannot be given to (i), (ii), and (iii).
¶ 07 (c) Not applicable.
Provenance
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- Hansard, Tuesday, 5 May 2026 ·No. 23546 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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Cite as: The Hon. Nalinda Jayatissa. 10th Parliament, Parliament of Sri Lanka. Hansard, 5 May 2026. No. 23546. Politick, https://staging.politick.io/lk/speeches/19758