Sri Lanka Electricity Act, No. 36 of 2024.

This Act provides for the regulation of generation, transmission, distribution, supply and use of electricity in Sri Lanka. Part II establishes the National Electricity Advisory Council (Council) for advising the Minster in formulating the national electricity policy and other matters related to the electricity industry. The procedure for formulating the national electricity policy and issuing policy guidelines is laid down. Part III appoints the Public Utilities Commission as the regulator of the electricity industry and provides for its powers, and appointment of electrical inspectors. Part IV makes provisions in respect of the national system operator licence and Part V provides for the national transmission network service provider licence. Part VI requires the Power Sector Reform Secretariat established under section 38, to prepare a Transfer Plan for the transition, transfer and reorganization of the Electricity Industry in Sri Lanka. Part VII deals with licensing relating to generation, transmission, distribution and supply of electricity. The principles for national tariff policy and considerations to be made are stated therein. Part IX contains provisions in respect of wholesale electricity market. Part X provides for consumer protection and regulations may be made to set standards to be maintained in connection with supply of electricity.