Under the new scheme, the CEB will pay Rs. 45.80 per kilowatt hour (kWh) for electricity released from battery storage systems during peak demand hours, between 6.30 p.m. and 10.30 p.m.
The initiative aims to encourage solar energy producers to adopt energy storage technology, enabling them to store excess solar power generated during the day and supply it to the national grid during night-time peak demand hours.
