Sri Lanka’s water, petroleum to be brought under power regulator, PUCSL
Jan 05, 2016 (LBO) – Sri Lanka’s water and petroleum sectors will be regulated by the Public Utilities Commission of Sri Lanka (PUCSL), a statement said.
“The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism,” the commission said in its activity plan for 2016.
The PUCSL now regulates the electricity sector.
It said that the government provided policy and legislative backing through its 2016 budget presented in November 2015 to broaden and strengthen the commission.
Water,electricity,telephone,petroleum,public transport are some main public utilities. TRC is available.Public transport is regulated by Transport Commission? So this action is logical..
I’m a strong proponent of free market mechanism … but regulation is far better an option most certainly when we are all in financial crisis. I do however feel that labor regulations are drastically unfair.