Issuing a statement to the media last week, Minister of Power and Renewable Energy Ranjith Siyambalapitiya noted that currently steps are being taken to introduce a special pricing mechanism for those who avoid consuming electricity during peak hours i.e. 6.30pm to 10.00pm.
To meet the high demand for electricity during the said peak hours, the minister said that the country has to bear a cost of approximately Rs.25 to produce one unit of electricity using diesel. The minister further indicated that if the demand for electricity can be brought down during peak hours, this cost per unit too can be reduced.
“If the demand is lower, then we can generate electricity using hydropower as much as possible. The cost to produce one unit of electricity using hydropower is around two rupees,” he said.
The minister also said that it was in the pipeline to provide electricity free for farmers who use electricity only during off-peak hours. Further the statement indicated that the ministry was striving to make the country self-sufficient in the context of power and energy by the year 2030.