Electricity cost may increase

The Power and Energy Ministry has hinted at a possible increase in the cost of electricity used by consumers under a pricing formula.

A statement by the Ministry said that a formula is essential to decide on the electricity cost similar to that followed by the transport sector.

According to the Ministry, hydro power generation is at 80% but it is sufficient only for 40 days.

The Ceylon Electricity Board. however, is yet to announce any increase in the electricity cost.