In a bid to attract more consumers towards the net-metering
scheme the Sri Lankan government is planning significant changes in the way
excess power generation accounted.
The Cabinet has approved a proposal to introduced cash payout to
consumers for the excess electricity they generate. At present, the excess
electricity generation by rooftop solar power systems is carried forward to up
to 10 years.
Under this net accounting system, Ceylon Electricity Board
will pay LKR22.00/kWh (US¢15/kWh) for this first seven years while the from the
eighth year onwards it will pay LKR15.50/kWh (US¢11/kWh). The payments shall
continue for a period of 20 years.
The scheme has been targeted at high-end consumers. These
consumers shall be paid for all electricity generated and they shall pay for
the electricity consumed by them. At such high feed-in tariffs the consumers
will be incentivised for setting up rooftop solar power systems.
The scheme is expected to increase the installed rooftop
solar power capacity in the country which currently stands at around 30 MW.
Recently, the Sri Lankan government announced that this
revamped net-metering scheme will be implemented in phases, starting with the
northern, southern and eastern provinces. The government hopes that the new
scheme would motivate at least 20% of the consumers to set up rooftop solar
power systems and generate their own electricity.
Sri Lanka aims to ramp up the share of renewable energy in power
generation to 60% by 2020 and 70% by 2030. To achieve this target, 600 MW of
wind plants and 3,000 MW of solar plants will be built within the next 10
years.
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