On Grid Systems
Grid Tied Net Metering Solutions
It’s all about reversing your Electricity meter “Legally” to reduce your electricity bill or to make it “Zero”. A small solar power plant will be connected to the national grid through the same power cable and electricity meter that you take electricity to you residence.
01. Net Metering
The customer generates electricity using solar panels fixed on their rooftops which are connected to the grid through a net metering system. The consumer has to pay only for the net amount of electricity that was consumed. If the solar electricity production exceeds the electricity consumption of the premises, the balance amount can be carried forward to future use upto 10 years. No fee will be paid for the excess electricity produced. Existing net metering customers can switch to other schemes if they wish to. However, the accumulated electricity units prior to the signing of new agreement shall not be carried forward.
02. Net Accounting
If the electricity generation of solar rooftop system is greater than the consumption, the consumer will be paid for the excess according to the below table. If the consumption is greater than the generation, the consumer shall pay for the excess consumption according to the existing electricity tariff structure.
03. Net Plus
The total electricity generation from the solar rooftop system would be purchased by the utility. The bill for electricity consumption would be paid to the utility as usual.
At the end of the month you will only have to pay the “Net Electricity Bill”. If you had generated more than your consumption in a single month, you will only have to pay the subscription fee which is LKR 30. More energy that you generated will be stored in Electricity Board Billing books for 20 years and can be used to offset your electricity bill any time before being deleted.