Sri Lanka, Oct. 15 -- Sri Lanka's solar power industry has warned that a new Government policy could undermine the country's energy security, increase electricity costs for consumers and businesses, and discourage investment in renewable energy at a time when the country faces the prospect of an electricity shortage in 2027.

The concerns centre on a Ministry of Energy circular issued on September 11, 2026, which discontinued the previously available Net Metering and Net Accounting schemes for new connections and extensions of existing agreements, requiring them to operate under the Net Plus scheme. The maximum agreement period has also been reduced from 20 years to 12 years.

Industry representatives raised their concerns during a panel...