Sri Lanka is preparing to implement time-of-use (ToU) electricity tariffs and a nationwide rollout of smart meters, according to Deputy Minister of Power Arkam Ilyas.
The policy shift aims to rebalance the country’s electricity consumption patterns by incentivizing users to move demand away from nighttime peaks toward daytime hours.
57 billion in May, the government faces pressure to manage domestic cost structures without stifling economic recovery.
This structural adjustment is designed to optimize grid efficiency and reduce the need for costly peaking power generation.
The move comes as Sri Lanka navigates a complex macroeconomic environment.
Annual inflation accelerated to 5.4% in May, reversing a recent cooling trend and rising from 4.7% in the previous month.
While goods and services exports showed robust growth, expanding by more than 18% to reach US$1.57 billion in May, the government faces pressure to manage domestic cost structures without stifling economic recovery.