The Public Utilities Commission of Sri Lanka (PUCSL) will launch a public inquiry to investigate allegations of inflated fuel costs reported by Electricity Generation Lanka (Pvt) Ltd. concerning electricity generation expenses. The inquiry, set to begin on September 4, aims to verify the accuracy of the figures submitted by the state-owned company, which purportedly affect the calculation of the generation cost per unit of electricity.

Concerns over the reported fuel costs emerged after representations were made to the PUCSL, suggesting that Electricity Generation Lanka may have overstated the expenses associated with fuel consumption in thermal power plants. These claims prompted the regulator to scrutinize the numbers more closely and to examine the implications for electricity tariff determinations.

In addition to reviewing fuel pricing and costs, the inquiry will also consider broader issues related to the implementation of fuel supply agreements for thermal power plants. The commission has invited stakeholders and members of the public with relevant information to submit written statements or provide oral testimony during the proceedings.

Depending on the evidence presented, the PUCSL may call on additional parties to appear before the inquiry. To ensure a thorough and legally rigorous process, the commission has appointed President’s Counsel Chandana Liyanapataged to lead the examination of evidence.

This formal inquiry reflects the regulatory body's effort to ensure transparency and fairness in the setting of electricity tariffs, amidst ongoing concerns over cost management within the state electricity generation sector.