Cabinet approves revising tariff rates for rooftop solar panels

Cabinet approves revising tariff rates for rooftop solar panels

October 25, 2022   06:44 pm

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.

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Ada Derana Prime Time News Bulletin 6.55 pm

Ada Derana Prime Time News Bulletin 6.55 pm

Headlines of the Ada Derana 6.55pm News Bulletin - 2023.06.10

Sri Lanka relaxes import restrictions on over 300 items

NEWS IN BRIEF | MIDDAY PRIME TIME | 2023.06.10

Culinary Art Food Expo 2023 launched under Presidentís patronage

Body of 5-year-old found dead in Mulleriyawa handed over to parents

Sajith meets ADB delegation, requests necessary support for Sri Lanka's development

Minister says laws will be introduced if necessary to control chicken, egg prices