19. Amendment of section 30 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 30 of the principal enactment is hereby amended as follows: -

Act, No. 14 of 2025

(1)

in subsection (1) of that section, by the substitution for the words “specify the date from which Wholesale Electricity Market shall commence operations,”, of the words and figures “specify the dates from which each

Electricity Market specified in subsection (2)

shall commence operations,”;

(2)

by the repeal of subsection (2) of that section and the substitution therefor of the following subsection: -

“(2) (a) The National Electricity Market shall be a competitive market and the procedures to be adopted in the operation thereof shall be as prescribed.

(b)

The National Electricity Market shall consist of any one of the following or a combination of two or more of the following: –

(i)

a competitive

Wholesale

Electricity Spot Market that facilitates short term power procurement of day-ahead and intra day requirements of the

National System Operator;

(ii)

a competitive

Wholesale

Electricity

Market that facilitates the trading of long-term electricity supply contracts between generation licensees and distribution licensees;

(iii)

a competitive

Ancillary

Services Market that includes

Act, No. 14 of 2025

frequency control ancillary services, reactive power ancillary services and black-start support services for the

National system Operator; and

(iv)

Retail Electricity Market.”;

(3)

by the insertion immediately after subsection (3)

of that section, of the following new subsection:-

“(3A) Upon the coming into operation of this subsection, the Minister shall, with a view to enabling National System Operator to operate the National Electricity Market, order the National System Operator to formulate the market models not later than three years from the appointed date, with implementation timeline including required terms and conditions necessary for facilitating the efficient operation of the

National Electricity Market.”; and

(4)

in subsection (4) of that section, by the substitution for the words “Wholesale Electricity

Market.”, of the words and figures “National

Electricity

Market, where interconnection capacity shall not exceed 10 MW with the tariff prescribed in terms of the provisions of paragraph (a) of subsection (3) of section 29.”.

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