In a major policy shift, the cabinet’s Economic Coordination Committee (ECC) has revised the buyback tariff of solar rooftop consumers to Rs10 per unit from Rs27 per unit.
The development as the ECC met under the chairmanship of Finance Minister Muhammad Aurangzeb, and approved a set of amendments to the existing net-metering regulations aimed at reducing the growing financial burden on grid consumers, according to an official statement issued by the Finance Division on Thursday.
The decision comes in light of a significant increase in the number of solar net-metering consumers, with associated financial implications for grid consumers, it added.
This is a developing story and is being with further details.
