Ceb Net Plus Agreement

This system allows a consumer to reduce or eliminate their electricity bill by using solar electricity. The solar energy installation will power the CEB grid and these energy units will be deducted from the amount of energy consumed by the consumer. When additional energy is produced, these units are registered as credits and will be made available to consumers in the following months. The consumer will sign a 20-year contract with the CEB for net metering. Under this Net Plus system, there will be no link between the energy produced and the energy used. The customer is paid for all of the excess electricity delivered to the grid. It will then pay at existing rates for all the electricity consumed. The cost of generating a unit of electricity less than the « netest » is about Rs 4.00. All electricity generation from the installation of solar roofs would be purchased by the CEB at a price of Rs 22 per unit. As usual, the electricity bill would be paid to the distribution company. The Ministry of Energy and Renewable Energy has asked solar companies to install solar roof modules in low-wage homes and CEB money for all excess electricity delivered to the grid for a period of time in order to recover their costs, while earning some profits. These companies can make payments to low-income owners of their profits under this system, said Minister Ranjith Siyambalapitiya.

The « sharpest » will be launched by Elahera Bakamuna domain after the second anniversary of the president`s introduction to high office on January 8, he revealed. Currently, the Ceylon Electricity Board of Sri Lanka has a « Net Metering » system in which electricity generated by solar modules on the roof is deducted from the total bill due to the CEB. However, the excess energy is not charged in cash, it is presented for a maximum period of 10 years. The Cabinet of Ministers has approved a proposal to pay users for excess electricity generated under a 20-year contract. As part of a « net accounting system, » customers equipped with solar modules will receive 22.00 aff in the first 7 years. per unit of excess electricity supplied to the grid. From the 8th year, they will be paid 15.50 per unit. However, if the customer derives electricity from the grid, the existing rate will be charged. The current « Net Metering » system is aimed at high-age customers. The regulator has imposed a charge of 45 Rs per kilowatt hour, which is well above the costs of large customers who consume more than 180 units, making it profitable for solar companies to sell their products to electricity consumers. The high tariff – perhaps the highest in the world – would have been imposed to subsidize small users sold at costs. But instead of going to the distribution company, the money was transferred to solar companies that powered the facilities by net measurement.

Under Sri Lanka`s amended Electricity Act, no party is allowed to produce and sell electricity to the national grid without a licence granted by the PUCSL. However, the new decision would allow any electricity consumer to install a solar installation in their residence/place of residence and to produce and sell electricity on the basis of the agreement that can be signed between the consumer concerned and the licensee (CEB or LECO). All of these parties are exempt from the requirement to obtain a production licence. The Net Plus system will allow a consumer to earn revenue for all solar power plants produced, regardless of their current electricity consumption. The solar power facility will power the CEB grid, and these units will be measured and the CEB will pay the consumer for these units. The payment rate is 22.00 million euros in the first seven years of the agreement and 15.50 million euros for the next 13 years. The consumer will sign a 20-year contract with the CEB for this scheme. It has therefore been proposed to exempt electricity consumers who generate electricity on a small scale