CEB settled Rs. 4 Bn arrears of Rooftop Solar customers

The Ceylon Electricity Board (CEB) announced the settlement of accumulated arrears of approximately Rs. 4 billion due for 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 February 15, 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 is happy that now we managed to settle all due arrears up to April 2023,’ said CEB, General Manager, Eng. G.I.D.H.K. Ranasinghe

Electricity customers of Sri Lanka have installed about 700 MW of Rooftop Solar energy systems which is sizable compared with the 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.

“We invite all our customers to participate in the CEB Renewable Energy drive with the installation of rooftop solar systems.”