The approval of the Cabinet of Ministers was granted to revise tariff rates for rooftop solar panels, Minister of Power & Energy Kanchana Wijesekera says.
Accordingly, the current two-tier tariff rate of Rs. 22.00 and Rs. 15.50 will be revised to a flat rate of Rs. 37.00 for rooftop solar panels producing less than 500 kilowatts.
Meanwhile, the tariff rate for rooftop solar panels generating more than 500 kilowatts will be amended to Rs. 34.50, Minister Wijesekera said further in a tweet.
Tariff rates will be effective for 20 years and will be adjusted annually based on a pricing formula, he added.
Cabinet approval granted to revise RoofTop Solar Tariff Rates. Two tier current tariff rate of Rs 22 & Rs 15.50 will be revised to a flat rate of Rs 37 for less than 500KW & Rs 34.50 for above 500KW RoofTop Solar for 20 years. Tariffs will be adjusted annually based on a formula.
— Kanchana Wijesekera (@kanchana_wij) October 25, 2022
