Electricity Reform Act (No. 28 of 2002)

Sri Lanka Consolidated Acts

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Electricity Reform Act (No. 28 of 2002) - Sect 29

Tariffs

29.

(1) This section shall apply to -

	(a) tariffs or charges levied by the transmission licensee for the transmission and bulk sale of electricity (hereinafter referred to as "transmission and bulk sale tariffs :) ; and

	(b) tariffs or charges levied by the distribution licensee for the distribution and supply or distribution or supply of electricity (hereinafter referred to as :distribution and supply tariffs").

(2) Transmission and bulk sale tariffs and distribution and supply tariffs as the case may be, shall in accordance with conditions specified in the relevant licence.

	(a) be set by the relevant licensee on accordance with a cost reflective methodology approved by the Commission ;

	(b) permit the relevant licensee to recover all reasonable costs incurred in the carrying out of the activities authorized by its licence on an efficient basis ;

	(c) be approved by the Commission : and

	(d) be published in such manner as may be required by the Commission.

(3) Where a transmission licence or a distribution licensee as the case may be, contains provisions for transmission and bulk sale tariffs or distribution and supply tariffs as the case may be, to be subject to review, the Commission shall unless a procedure for the review of such tariffs is specified in the relevant licensee prescribe a procedure for review which shall include -

	(a) a timetable for the review of tariffs by the Commissions ; and

	(b) provision for consumers and other interested parties to participate in the process for review.

(4) Notwithstanding any other provision of this Act the Commissions may set tariffs and charges which require the licensee to subsidize consumers if the Commission is satisfied that there is provisions for the licensee to be adequately compensated by the Government for such subsidies.

(5) In this section, "relevant licensee " means a transmissions licensee in respect of transmission and bulk sale tariffs and a distribution licensee in respect of distribution any supply tariffs.

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