Categories: BusinessHeadlines

LNP – Govt to reduce tariffs paid for rooftop solar power

The government has decided to revise the tariff paid per unit of electricity generated by rooftop solar panels, with the proposed rates set to vary based on the scale of energy production.

According to the Ministry of Energy, a cabinet paper outlining these amendments has been submitted to the Cabinet of Ministers, following recommendations from the Ceylon Electricity Board (CEB).Â

The revision aims to adjust the existing payment structure for solar power generation, aligning it with current energy policies and market conditions.

At present, solar energy producers receive Rs. 27 per unit of electricity supplied to the grid. Under the proposed changes, this rate is expected to be reduced, with payments determined by the capacity of the solar system:

  • Rs. 19 per unit for solar systems generating less than 20 kilowatts (kW)
  • Rs. 17 per unit for systems producing between 20 kW and 100 kW
  • Rs. 15 per unit for larger systems generating between 100 kW and 500 kW

The Ministry of Energy clarified that these new tariff rates will apply only to newly installed rooftop solar systems, while existing installations will continue to receive payments at the current rate.

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Two dead, one injured as bowser plunges into 30-foot precipice

LNP – Two dead, one injured as bowser plunges into 30-foot precipice

Two persons have been killed and another injured after a bowser carrying rubber latex plunged…

1 hour ago
LNP – Sri Lanka will take two more years to reach GDP similar to 2018’ – CBSL Governor

LNP – Sri Lanka will take two more years to reach GDP similar to 2018’ – CBSL Governor

The Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe says it will…

3 hours ago
LNP – India surpasses Sri Lanka to become world’s second largest tea exporter – report

LNP – India surpasses Sri Lanka to become world’s second largest tea exporter – report

According to data released by the Tea Board of India, India has exported 254 million…

3 hours ago

LNP – Trump announces 25% tariffs on car imports to US

US President Donald Trump has announced new import taxes of 25% on cars and car…

3 hours ago

LNP – Govt. plans to develop Nuwara Eliya post office as tourist attraction

The government plans to develop the Nuwara Eliya Post Office as a tourist attraction while…

1 day ago

LNP – Starlink internet to launch in Sri Lanka this April

Elon Musk's Starlink satellite internet services will be available in Sri Lanka starting in April,…

1 day ago