Sri Lanka, April 25 -- The Ceylon Electricity Board (CEB) recorded a significant financial loss of Rs. 38.7 billion in 2025, despite multiple electricity tariff revisions during the year, according to the Central Bank's Annual Economic Review 2025.

The CBSL review notes that although electricity tariffs were reduced several times in 2024 and further cut by an average of 20% in January 2025, the CEB's financial performance was negatively impacted by higher generation costs. This was largely driven by increased thermal power generation during the first quarter amid dry weather conditions.

In an effort to offset accumulated losses, electricity tariffs were revised upward by 15% in June 2025. However, the adjustment was insufficient to reco...