New Tariff of Rs. 45.80 per unit for BESS
In an unprecedented move to accelerate Sri Lanka’s transition to a cleaner and smarter energy system, the government approved the introduction of a Time-Based Tariff Scheme for Battery Energy Storage Systems (BESS) integrated with Rooftop Solar Photovoltaic (RTSPV) installations.
This innovative initiative aims to encourage solar power producers to install battery energy storage systems, allowing them to store surplus electricity generated during the day and release it to the national grid during the evening peak hours; from 6.30 p.m. to 10.30 p.m. This approach will not only improve grid stability but also significantly reduce the country’s dependence on costly fossil fuel-based power generation.
Officials noted that the new tariff mechanism marks a key milestone in promoting renewable energy integration, paving the way for a more resilient and sustainable power sector in Sri Lanka