Sri Lanka Electricity Act, No. 36 of 2024 | |
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Parliament of Sri Lanka | |
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Citation | Sri Lanka Electricity Act, No. 36 of 2024 |
Territorial extent | Sri Lanka |
Enacted by | Parliament of Sri Lanka |
Enacted | June 6, 2024 |
Signed by | Speaker of the Parliament |
Signed | June 27, 2024 |
Effective | Various dates for different sections |
Administered by | Public Utilities Commission of Sri Lanka (PUCSL) |
Legislative history | |
Bill title | Sri Lanka Electricity Bill |
Bill citation | Sri Lanka Electricity Bill |
Introduced by | Minister of Power and Energy |
Introduced | April 17, 2024 |
First reading | April 25, 2024 |
Second reading | June 6, 2022 |
Third reading | June 6, 2022 |
Repeals | |
Ceylon Electricity Board Act, No. 17 of 1969 Sri Lanka Electricity Act, No. 20 of 2009 | |
Supreme Court cases | |
Supreme Court Determination on the Bill | |
Keywords | |
Electricity reform, Regulation, Restructuring, Market competition, Renewable energy | |
Status: Not fully in force |
The Sri Lanka Electricity Act, No. 36 of 2024 is a landmark legislative act enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka. Certified on 27th June 2024, the Act introduces substantial reforms to the electricity industry in Sri Lanka, aiming to improve efficiency, attract investment, and promote the use of renewable energy sources. [1]
The Act was enacted to implement comprehensive reforms in the country's electricity sector. It establishes the National Electricity Advisory Council and designates the Public Utilities Commission of Sri Lanka (PUCSL) as the primary regulator. The Act aims to facilitate the incorporation of corporate entities responsible for the generation, transmission, distribution, trade, supply, and procurement of electricity, promoting market competition and private sector investment.
The need for reform in Sri Lanka's electricity sector had been recognised for several years. Previous legislation, including the Ceylon Electricity Board Act, No. 17 of 1969, and the Sri Lanka Electricity Act, No. 20 of 2009, were deemed insufficient to address the evolving challenges of the industry, such as inefficiencies, financial sustainability, and the integration of renewable energy sources.
The primary objectives of the Act include:
The Act specifies the roles and responsibilities of various stakeholders, including the National Electricity Advisory Council, PUCSL, and newly formed corporate entities. It also outlines the procedures for formulating and implementing national electricity policies, tariffs, and long-term power system development plans.
The Act marks a significant shift towards a more competitive, efficient, and sustainable electricity sector in Sri Lanka. By encouraging private sector participation and promoting renewable energy, the Act aims to meet the growing electricity demand and contribute to the country's economic development and environmental sustainability.
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