Sri Lanka regulator seeks public comments on fuel pricing, social damage costs
Mar 01, 2017 10:50 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s energy sector regulator has invited public comments on the state power utility’s long-term generation program, saying it would give serious consideration to fuel prices and social damage cost in approving the plan.
The Public Utilities Commission of Sri Lanka (PUCSL) said seeks public comments on the input data parameters and assumptions of the Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018-2037 submitted by the Ceylon Electricity Board (CEB). The CEB plan is prepared based on the input data.
“This is the first time that we are opening the platform for public comments on the input data which will be used to develop the long term generation expansion plan,” Damitha Kumarasinghe, Director General of the PUCSL said.
Comments can be submitted on or before March 15, 2017, via email (email@example.com) or fax (2392641)
“The comments on the fuel prices, social damage cost, cost and other parameters used to model renewable energy technologies and other conventional generation plants will be taken very seriously in our approval process of the plan,” Kumarasinghe said.
“We hope to increase the transparency of the approval process through this measure and increase the public participation in the decision making process of Sri Lanka’s most important energy generation plan.”
Sri Lanka plans to generate 15160 Gwh of electricity in 2017 with a peak demand of 2585 MW, the base case forecast data shows, a statement said.
The electricity generation forecast for 2042 is shown as 49121 Gwh with a peak demand of 7784 MW.
The generation demand is expected to grow 5.9 percent a year during 2018-2022 while peak demand is expected to grow at 5.1 percent annually.
The input data specifies the demand forecast, reliability criteria, economic parameters, fuel prices, cost and other parameters.
These are used to model new generation technologies, to identify and develop the least cost generation plant mix in accordance with the government policy and Least Cost Generation Expansion Planning Code by PUCSL.
The input data will be fed to the generation planning software, a model that permits the user to find an optimal expansion plan for a power generating system over a long period and within the constraints defined by the planner.
The input data said that the Social Damage Cost, the environmental impact and the impact to the society by the generation of electricity, will be determined using a breakeven analysis with comparison to latest available studies.
The value of unserved energy – the economic cost to the country by not delivering energy expectation - is considered in the economic analysis to develop the plan.
“The value of unserved energy for the first submission of the plan (in 2011) which stood at 0.50 USD/kWh is now at 0.663 USD/kWh.”
(COLOMBO, March 01, 2017)