Pakistan, March 14 -- The government has reduced the buyback rates for net metering electricity to Rs10 per unit, attributing the decision to "significant increase in the number of solar net-metering consumers, with associated financial implications for grid consumers".

The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, approved a set of amendments to the existing net-metering regulations aimed at reducing the growing financial burden on grid consumers, according a statement from the Finance Division.

"As part of the approved changes, the ECC has revised the buyback rate from the National Average Power Purchase Price (NAPP) to Rs10 per ...