In a sudden move, the government recently terminated the existing net-metering regime for all existing and future net-metered solar consumers, known as prosumers, and replaced it with a net-billing regime for all.
The stated rationale behind this development — which could mean longer payback periods and lower overnight returns — is the need to address the technical, financial and equity concerns that have emerged from the mushrooming growth of solar power in Pakistan over the last couple of years. Under the changes, the buyback rate for electricity exported to the grid by solarised consumers has been reduced from the existing Rs26 per unit to Rs11 per unit. The new export rate broadly reflects the national average energy purchase price at which the government purchases electricity from power plants.
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