Sri Lanka has recorded the highest domestic electricity tariffs in South Asia compared to regional neighbours India, Pakistan, and Bangladesh, according to a new study published by leading stockbroking firm SenFin Securities.
However, the report highlights that the country maintains some of the lowest commercial electricity rates in both the region and the wider world, giving local exporters a distinct competitive edge in international markets.
According to the research paper titled SenFin Sri Lanka Electricity Generation Review, the study details several key findings regarding national power pricing.
The average retail price for household electricity in Sri Lanka stands at USD 0.116 per kilowatt-hour. This figure significantly exceeds rates across the region, where households pay USD 0.077 in India, USD 0.064 in Pakistan, and USD 0.062 in Bangladesh.
Domestic consumers in Sri Lanka pay nearly double the unit rate charged in Pakistan and Bangladesh. Despite the regional disparity, the report notes that Sri Lankan household tariffs remain below the global average of USD 0.174 per unit.
In contrast to household costs, Sri Lanka offers exceptionally competitive pricing for commercial and business power users across Asia and global markets.
Commercial electricity in Sri Lanka costs an average of USD 0.091 per unit, compared to USD 0.123 in India, USD 0.154 in Pakistan, and USD 0.100 in Bangladesh.
With global business electricity costs averaging USD 0.164 per unit, SenFin Securities notes that lower commercial rates provide crucial relief for local manufacturers and exporters aiming to reduce overheads.
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