PWC News
Wednesday, July 23, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

World economy will slow sharply, despite US-China tariff de-escalation: Fitch | EconomyNext

Home Economy
Share on FacebookShare on Twitter


ECONOMYNEXT – Sri Lanka’s state-run Ceylon Electrical energy Board stated it’ll pay 45.80 rupees a unit (about 15 US cents at 300 rupees a greenback), for a unit of photo voltaic power saved in batteries and pumped into the grid at night time.

The night time photo voltaic tariffs would enable photo voltaic power to be shifted from low demand daytime to the night time peak when thermal energy is operated to make up for the hole.

“Battery storage techniques with grid-tied inverters can provide power from batteries to the grid, enabling extra photo voltaic power to be saved through the day and dispatched when the grid wants it most,” the CEB stated in an announcement.

“CEB will notify the general public sooner or later of the relevant date and different specifics of this new tariff.”

The battery-powered system can export energy to the grid from 1830 to 2230 hours within the night time, the CEB stated.

Sri Lanka, as in different international locations, has seen sturdy progress in rooftop photo voltaic underneath enhanced tariffs and falling prices from Chinese language photo voltaic panel competitors, creating issues for the CEB to handle the grid in daytime and weekends when demand falls.

On account of failure in financial regulation and political strain the CEB has run losses, particularly after the tip of a civil battle when the rupee depreciated steeply and the grid is archaic and can’t take in intermittent renewables.

The CEB stated it was encouraging self-consumption.

“Underneath the revised rooftop photo voltaic tariff, shoppers, whether or not households or companies, are strongly incentivized to make use of their photo voltaic era through the day to offset grid consumption, thereby unlocking larger financial savings,” the CEB stated.

“For instance, a family consuming over 120 kWh per 30 days pays Rs. 41 per kWh for grid electrical energy.

By utilizing solar energy instantly through the day, they successfully save Rs. 41 per kWh, way over any export tariff. Equally, Normal Goal shoppers equivalent to small companies, who pay Rs. 25 per kWh or extra for daytime grid energy, can obtain even larger financial savings by prioritizing self-consumption of photo voltaic power.”

CEB has lowered the feed-in-tariffs it pays for rooftop photo voltaic from June 2025.

The smallest crops as much as 5 KW will get 20.90 rupees a unit, from 5 to twenty kW will probably be 19.61 rupees, from 20 to 100kW will probably be 17.46 rupees, from 100 to 500kW will probably be 15.49 rupees as much as 1,000 kw will probably be 15.07 rupees and above 1 MW will probably be 14.46 rupees.

Sri Lanka’s renewable energy builders stated they awaited extra particulars on the battery tariffs.

RELATED Sri Lanka photo voltaic batteries hit by 46-pct taxes at import, 10-years too brief: Builders

Sri Lanka’s Federation of Renewable Vitality Builders stated they believed to the battery tariff would solely be given for 10 years which was too brief.

There have been taxes of 46 p.c levied on the border which made batteries artificially costly, the Fred stated. (Colombo/June28/2025)


Proceed Studying



Source link

Tags: deescalationeconomyEconomyNextFitchsharplyslowtariffUSChinaWorld
Previous Post

Unemployment, inflation and travel amid ongoing tariff uncertainty: FP video

Next Post

Heavy rain hits China’s flood-stricken Guizhou for second time in a week

Related Posts

Britons lack confidence in identifying as an investor
Economy

Britons lack confidence in identifying as an investor

July 22, 2025
Posthaste: 'Buy Canadian' is going strong except in one very important marketplace
Economy

Posthaste: 'Buy Canadian' is going strong except in one very important marketplace

July 22, 2025
White House says economy is ‘back on track’ despite ‘soaring’ prices — Americans disagree
Economy

White House says economy is ‘back on track’ despite ‘soaring’ prices — Americans disagree

July 22, 2025
CBSE mandates CCTV with real-time audio-visual monitoring in schools to strengthen student safety
Economy

CBSE mandates CCTV with real-time audio-visual monitoring in schools to strengthen student safety

July 21, 2025
Sri Lanka sees foreign buying in rupee bonds for second straight week | EconomyNext
Economy

Sri Lanka sees foreign buying in rupee bonds for second straight week | EconomyNext

July 21, 2025
U.S. coffee drinkers and businesses will pay the price for Trump’s Brazil tariffs
Economy

U.S. coffee drinkers and businesses will pay the price for Trump’s Brazil tariffs

July 22, 2025
Next Post
Heavy rain hits China’s flood-stricken Guizhou for second time in a week

Heavy rain hits China's flood-stricken Guizhou for second time in a week

VRL Logistics board to meet on July 4 to consider bonus share issue

VRL Logistics board to meet on July 4 to consider bonus share issue

Emerging economies have sparked crypto’s most important retail revolution yet

Emerging economies have sparked crypto’s most important retail revolution yet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Sol-Up Powers Homes and Businesses with Smarter Solar Energy
Energy

Sol-Up Powers Homes and Businesses with Smarter Solar Energy

by PWC
July 20, 2025
0

From begin to end, Sol-Up delivers a excessive normal of buyer care. Their licensed staff handles the whole lot from...

Cannabis inhaler co Syqe Medical lays off 50

Cannabis inhaler co Syqe Medical lays off 50

July 20, 2025
Sri Lanka coconut product exporters raise alarm over 30-pct Trump tariff | EconomyNext

Sri Lanka coconut product exporters raise alarm over 30-pct Trump tariff | EconomyNext

July 17, 2025
XRP Not in Competition with Circle, John Deaton Clarifies

XRP Not in Competition with Circle, John Deaton Clarifies

July 18, 2025
Nasdaq 100 at Risk of Bearish Reversal While Gold Rebounds | Investing.com

Nasdaq 100 at Risk of Bearish Reversal While Gold Rebounds | Investing.com

July 16, 2025
Britons lack confidence in identifying as an investor

Britons lack confidence in identifying as an investor

July 22, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.