Benefits in investing in your own electricity - Part 1 of 2

How much you could save if you get a chance to stop paying for electricity..?

Usually in our day to day life we spend considerable amount of our income on essential products and services that we need, such as food, fuel, gas, electricity, clothing, education, shelter and leisure. On the other hand the expense on these needs keeps rising due to the rise in oil prices. 

To save from the spending on these essential items, there should be alternatives. For example if you want to save on fuel cost you must switched to a transportation mechanism that does not use fuel or the fuel is freely available in nature, like water. Then only you can think of a saving the spending on fuel.

With the technological advancements in solar electricity generation systems and their inherent longer life span and reliability, there is an alternative to save your expenses on electricity.

Before considering solar electricity or saving your electricity bill, let’s look at what is happening to the local utility power suppliers, the Ceylon Electricity Board Sri Lanka (CEB) and the Lanka Electricity Company (Pvt.) Limited (LECO)  and why electricity tariffs keep increasing frequently.
 

There you could see, 75% of the required electricity to power Sri Lanka is being generated from thermal energy or oil. Most of us believe that the electricity we consume is being generated from hydro power plants. But that is now so,  the national demand for electricity is quite high and it will be further increase when the North and east regions are also connected to the national grid.Therefore the good old hydro power plants can supply only 25% of the national demand.The coal power plant in Kalpitiya, it can supply only 5% of the countries demand. 

 

There for it is quite evident that as long as the fuel prices rise, so will the tariffs for the electricity.

If we average the increase in electricity tariff for the last 5 years, the average increment in electricity tariff would be 19% per anum. With that in mind refer the following table and see much of your earnings will be spent on consuming electricity.

Select your closest matching value for the electricity bill and see how much you will lose for next 20 years.

Until this day, the electricity bill has been an expense to you. 

Have you ever imagined how much you could save if you get a chance to stop paying for electricity?

Let’s say your bill is 10,000 rupees and you have a  5 year old child. All you need is to do for his future is to put the money you spend for the electricity into his savings account. When he is 25 years old, he would be a millionaire.

This can be achieved by those who spend considerable (High) amount on their electricity

                                       

Jlanka Technologies (Pvt) Ltd can help you to convert this high expense into a high savings with our Advance Solar Energy Harvesting Systems that are tailor made to suit you.

For free consultation on your electricity bill and energy saving tips, please contact :
Tel. : +94 11 278 7564    Mobile:  +94 77 831 4973      Email: support@jlanka.com