The Economic Coordination Committee (ECC) approved on Thursday amendments to existing net measurement regulations to reduce the growing financial burden of network consumers and reduce the repurchase rate to RS10 per unit.
In a meeting with the International Monetary Fund last week, the Government had informed the bottom of the plans to reduce solar tariffs of the net measurement of RS26/Unit to RS10, which increases concerns about the impact on consumers that change to solutions outside the network.
According to a press release issued today by the Finance Division, the ECC reviewed the repurchase rate of the National Average Energy Purchase (NAPP) to RS10 per unit, Application reported.
He said that the Committee had approved the proposal, subject to the approval of the cabinet, to allow the National Electric Power Regulation Authority (NEPRA) to review this repurchase rate periodically, ensuring that the framework remained flexible and aligned with the conditions of the evolutionary market.
According ApplicationThe decision taken followed with broad discussions about the growing impact of solar network measurement on the National Electricity.
The energy division highlighted the pressing need for regulatory adjustments, citing a record decrease in the prices of solar panels that led to a strong increase in the number of solar consumers of net measures.
However, the press release clarified that the revised framework would not apply to existing network consumers with a valid license, concurrence or agreement under the distributed generation and net measurement regulations (alternative and renewable), 2015.
Any of these agreements would remain effective until the expiration of the license or agreement, which happened first, to ensure that the rights and obligations of consumers, including the agreed fees, continue according to the existing terms.
The ECC also approved an update of the liquidation mechanism, Application reported.
According to the new structure, the imported and exported units would be treated separately for billing purposes.
The exported units would be bought at the revised repurchase rate of RS10/unit, while the imported units would be billed at applicable peak/off rates, which include taxes and surcharges, during the monthly billing cycle.
The ECC also authorized the Energy Division to issue proposed guidelines, subject to the ratification of the cabinet, to Nepera for its incorporation into the applicable regulatory framework, ensuring clarity and coherence in the implementation of these amendments.
To the ECC meeting, chaired by the Minister of Finance, Muhammad Aurengzeb, he received assistance by the Minister of Energy (Energy Division) Sardar Awais Ahmad Khan Leghari, Minister of Maritime Affairs Qaiser Ahmed Sheikh and Petroleum Minister Ali Parvez Malik, together with federal secretaries and senior officials of the relevant ministries and divisions.
