Buyback rate cut to Rs. 10 | NetMetering Policy Changes | Is It Still Worth it? | Solar For Everyone скачать в хорошем качестве

Buyback rate cut to Rs. 10 | NetMetering Policy Changes | Is It Still Worth it? | Solar For Everyone

The Pakistan Solar Industry has been experiencing an influx of rumors and news lately that has caused disruptions in the normal flow of the system's purchasing and acquisition for the end consumers. Furthermore, some of the proposals have also resulted in unprecedented outcomes from the solar vendors and importers thus causing havoc for the common man to avail clean and green solar energy for their households. On Thursday, the Economic Coordination Committee (ECC) approved amendments to the existing net-metering regulations to reduce the growing financial burden on grid consumers. It slashed the buyback tariff to Rs10 per unit. In a meeting with the International Monetary Fund last week, the government briefed the Fund on plans to slash solar net-metering tariffs from Rs26/unit to Rs10, raising concerns about the impact on consumers shifting to off-grid solutions. According to a press release issued by the Finance Division today, the ECC revised the buyback rate from the national average power purchase price (Napp) to Rs10 per unit, It said that the committee had approved the proposal — subject to the cabinet’s approval — to allow the National Electric Power Regulatory Authority (Nepra) to revise this buyback rate periodically, ensuring that the framework remained flexible and aligned with evolving market conditions. According to APP, the decision taken followed extensive discussions on the growing impact of solar net-metering on the national power grid. The Power Division highlighted the pressing need for regulatory adjustments, citing a record decline in solar panel prices that led to a sharp increase in the number of solar net-metering consumers. However, the press release clarified that the revised framework would not apply to existing net-metered consumers with a valid license, concurrence, or agreement under the Nepra (Alternative & Renewable Energy) distributed generation and net metering regulations, 2015. Any such agreements would remain effective until the expiration of the license or agreement, whichever occurred first, ensuring the rights and obligations of consumers, including agreed-upon rates, would continue as per the existing terms. The ECC also approved an update to the settlement mechanism, APP reported. Under the new structure, imported and exported units would be treated separately for billing purposes. The exported units would be purchased at the revised buyback rate of Rs10/unit, while the imported units would be billed at the applicable peak/off-peak rates, inclusive of taxes and surcharges, during the monthly billing cycle. The ECC also authorized the Power Division to issue proposed guidelines, subject to the cabinet’s ratification, to Nepra for incorporation into the applicable regulatory framework, ensuring clarity and consistency in the implementation of these amendments. The ECC meeting — chaired by Finance Minister Muhammad Aurangzeb — was attended by Minister of Energy (Power Division) Sardar Awais Ahmad Khan Leghari, Minister for Maritime Affairs Qaiser Ahmed Sheikh and Petroleum Minister Ali Parvez Malik, along with federal secretaries and senior officials from relevant ministries and divisions. Solar For Everyone provides detailed guidance for all Solar Consumers or New Customers who are looking forward and investing in clean and green energy. The most important aspect to understand is the what is your budget, your requirements, and expectations from the solar system. The best thing is to prioritize yourself to make the decision, and confirm any news from multiple sources rather than being influenced by the market and people around. Every single household has a different set of requirements and usage of electrical devices and one must never forget that while making an important decision for lifetime investment into clean and green solar energy. #solarpower #solarenergy #solarenergy #solarpv #hybridsolarsystem #ongridsolar #solarpolicies #cleanenergy #greenenergy #solarsystems #solarpanels #governmentofpakistan #netmetering #zerobill #pakistan #pakistannews #islamabad #rawalpindi #lahore #karachi #peshawar #peopleofpakistan #electricity #loadshedding #inflation #pvmodules #importduty #vendors #importers #investments #refund #savings #solarsavings #faisalabad #multan #bahawalpur #abbotabad #skardu #hunza #northern areas #solarnews #solartaxes #taxandreturns #IMF #energymanagement #nepra #balochistan #buyback #ECC #unfreezemyaccount #unfreezemyaccountplz