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Contents

Part IX · Wholesale Electricity Market

30. Establishment of the Wholesale Electricity Market

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Minister shall, by Order published in the

Gazette under section 1, specify the date from which the

Wholesale Electricity Market shall commence operations, subject to any conditions which may be stated therein.

(2)

The Wholesale Electricity Market shall be a competitive market and the operating procedures to be adopted in the operation thereof shall be as prescribed.

(3)

Prior to an Order being made in terms of subsection (1) for the operation of the Wholesale Electricity Market by the National System Operator, the Minister shall ensure that regulations, terms and conditions, guidelines, and rules necessary for facilitating the efficient operation of the

Wholesale Electricity Market have been made identifying and specifying the operating, technical, commercial and economic parameters and the market monitoring processes.

(4)

The Minister may, with the approval of the Cabinet of

Ministers in the interests of the national economy, allow the distribution licensees to enter into power purchase agreements with generation licensees prior to the establishment of the Wholesale Electricity Market.

Part X

Consumer Protection

Read on from Part X

Part XI

Finance

Read on from Part XI

Part XII

Miscellaneous

Read on from Part XII

Part XIII

General

Read on from Part XIII

Part XIV

Repeals and Transitional Provisions

Read on from Part XIV

Schedules