29. Tariffs

the feed in tariff, determined and updated every six months, to be included in standard power purchase agreements payable to generators supplying electricity to the National System

the power purchase tariff from the new generation licensees, procured in accordance with subsection (1) of section 11;

the power purchase tariff from the generation licensees issued to Ceylon Electricity Board’s successor companies and which shall include the debt service cost of the portion of the Ceylon

the bulk sale tariff of the National System

the transmission tariff and open access charges payable to transmission and distribution licensees;

the end user consumer tariff consisting of distribution tariff and supply tariff for consumers connected to the distribution network and applicable supply tariff for consumers connected to the transmission network; and

the allowed revenue to be recovered by transmission and distribution licensees.

for procuring of electricity in bulk form from the generation licensees including when so required, the import of electricity from the generators or suppliers of the regional market (hereinafter referred to as the “bulk purchase tariff”);

for the sale of electricity in bulk form to the distribution licensees or to any consumers or traders or customers in the export market

the distribution tariff set by the Regulator, based on the national tariff policy upon consideration of the reasonable cost of maintaining and operating the distribution network including consumer services; and

the supply tariff set by the Regulator to recover the cost of the bulk purchase tariff and transmission tariff paid by the distribution licensees:

the end user consumer tariffs levied by the distribution liecensees shall consist of two distinct tariffs namely, the “electricity distribution tariff”

with the implementation of open access at a future date, the supply tariff shall cease to be applicable to consumers opting for open access, as open access charges shall be determined on the basis of commercial agreements between the generation licensees and the eligible traders or customers opting for open access:

allow the relevant licensee to recover all reasonable costs incurred including the reasonable return on investment in the carrying out of all activities authorised by the licence granted to such licensee on an efficient basis; and

be published in such manner as may be determined by the Regulator ensuring wide public awareness.

the annual timetable for the review of transmission tariff and distribution tariffs, open access charges and other charges;

a quarterly timetable for the review of bulk sale tariff, bulk purchase tariff and supply tariff; and

the manner in which consumers and other interested parties could participate in the procedure for purposes of review.

upon being satisfied of the adequacy of funds being provided by the Government to bear the cost of any subsidy to distribution companies approved by the Government to subsidize certain consumers; and

considering any cross subsidy recoverable from such categories of consumers in terms of the national tariff policy, set tariffs and charges to be levied by the relevant licensees, which reflect such subsidies.