Energy costs News

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

IMF Ties Sri Lanka’s Upcoming Funding Tranche to Energy Price Reforms.

Ceylon Electricity Board Anticipates Major Cost Savings Following Record Rainfall.

Recent heavy rains across Sri Lanka have filled key reservoirs, allowing the Ceylon Electricity Board to shift toward cheaper hydroelectric power and reduce reliance on expensive thermal energy.

US Inflation Surges in April as Global Conflicts Drive Up Energy Costs.

US inflation reached a 3.8% annual rate in April, driven by rising gasoline costs linked to regional conflicts. This uptick poses significant economic and political challenges for the administration.

Sri Lankan Households Face Fresh Financial Pressure Amidst Rising Energy Costs and Currency Depreciation.

Sri Lanka has implemented a new electricity tariff revision for high-usage consumers, compounding the cost-of-living crisis as the rupee faces continued depreciation. The move is expected to drive inflation, impacting retail food prices.

Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic.

President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.

Sri Lanka’s Rooftop Solar Revolution: Navigating a Shift Toward Energy Independence.

Sri Lanka is witnessing a significant shift toward distributed renewable energy as households and businesses adopt rooftop solar to mitigate rising electricity costs and ensure energy security.

National System Operator Files Proposal for Q2 Electricity Tariff Hike.

Blue Energy Secures $380 Million to Revolutionize Nuclear Reactor Construction via Shipyards.

Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout.

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.