The Economic Coordination Committee (ECC) on Thursday approved amendments to the existing net-metering regulations to reduce the growing financial burden on grid consumers and slashed the buyback tariff to Rs10 per unit.

In a meeting with the International Monetary Fund last week, the government had 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, APP reported.

It said........

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