By: Staff Writer
Colombo (LNW): The Ceylon Electricity Board (CEB) has announced the settlement of accumulated arrears of approximately Rs. 4 billion due for our Rooftop Solar customers. Accordingly all due arrears up to April 2023 has now been settled.
During 2022, CEB was unable to settle the payment for Rooftop Solar customers in total due to severe financial difficulties faced by CEB mainly due to non availability of a cost reflective tariff.
However, with the implementation of cost reflective tariff on 15th February 2023, CEB managed to commence settlement of monthly bills from internal cash generation and accumulated arrears by raising loans from financial institutions despite the fact that settlement of previous debt is not included in the tariff. CEB has managed to settle all due arrears up to April 2023.
Electricity customers of Sri Lanka has installed about 700 MW of Rooftop Solar energy systems which is sizable compared with day peak of the country is only 2700 MW including Rooftop solar. Roofsolar has contributed immensely to increase the renewable energy share of the country.
CEB always promotes Rooftop Solar systems through their innovative Business Models of Net Metering, Net Accounting, Net Plus and Net Plus Plus.
