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As enacted
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Part IV · Objectives, Powers and Functions

14. Objectives of the Commission

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Commission shall exercise, perform and discharge its powers, functions and duties under this Act and any other industry Act reasonably with fairness, impartiality and independence and in a manner that is timely, transparent, objective and consistent with this Act and such other Act.

(2)

Without prejudice to the provisions of subsection (1), the Commission shall exercise, perform and discharge the powers, functions and duties conferred on or assigned to it by or under this Act and any other industry Act, in a manner which it considers is best calculated—

(a)

to protect the interests of all consumers;

(b)

to promote competition;

(c)

to promote efficiency in both the operations of, and capital investment in, public utilities industries;

(d)

to promote an efficient allocation of resources in public utilities industries;

(e)

to promote safety and service quality in public utilities industries;

(f)

to benchmark, where feasible, the utilities services as against international standards; and

(g)

to ensure that price controlled entities acting efficiently, do not find it unduly difficult in financing their public utilities industries.

Public Utilities Commission of Sri Lanka

Read on from s 15

Part V

Competition

Read on from Part V

Part VI

Consumer Protection

Read on from Part VI

Part VII

Policy Guidelines

Read on from Part VII

Part VIII

Finance

Read on from Part VIII

Part IX

General

Read on from Part IX

Schedules