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Ceb Net Plus Agreement

In this net plus system, there will be no connection between the electricity produced and the electricity consumed. The customer is paid for all excess electricity that is fed into the grid. It then pays at existing rates for all electricity consumed. The cost of producing an electrical unit below the “net plus” is about Rs 4.00. The entire electricity generation from the solar roof installation would be purchased by the CEB at a price of Rs.22 per unit. The electricity bill would be paid to the distribution company as usual. The Ministry of Energy and Renewable Energy has asked solar companies to install rooftop solar modules in low-wage homes and raise funds from the CEB for any surplus electricity injected into the grid for a certain period of time to cover their costs while making some profits. These companies can make certain payments to low-income homeowners from their profits under this program,” said Minister Ranjith Siyambalapitiya. The “Net-Plus” will be launched from the Elahera Bakamuna region after the second anniversary of the president`s introduction to high office on January 8, he said. Currently, Sri Lanka`s Ceylon Electricity Board has a net metering system in which the electricity produced by the rooftop solar modules is deducted from the total bill due to the CEB. However, the excess benefit is not paid in cash, but is deferred for up to ten years.

The cabinet approved a proposal to pay users for excess electricity produced under a 20-year contract. Under a Net Accounting system, customers equipped with solar panels will receive Rs22.00 per unit for excess electricity injected into the grid over the first 7 years. From the 8th grade, they receive Rs15.50 per unit. However, if the customer purchases electricity from the grid, he is charged on the existing tariff. The current “Net Metering” system is aimed at customers with high-level users. The regulator has imposed a fee of 45 rupees per kilowatt hour, which far exceeds the cost for larger customers who consume more than 180 units, making it profitable for solar power companies to sell their products to electricity consumers. The high tariff – perhaps the highest in the world – would have been imposed to cross-subsidize small users to whom electricity was sold below cost. But instead of going to the distribution company, the money was paid to solar power companies that supplied the systems via Net Metering.

Under the Sri Lanka Electricity Act, as amended, no party may generate and sell electricity to the national grid without a licence granted by the PUCSL. However, with the new decision, any electricity consumer could install a solar installation at their place of residence/site and produce and sell the electricity on the basis of the agreement that can be signed between that consumer and the corresponding licensee (CEB or LECO). . . .