ECC approves net metering tariff at Rs10 per unit
Business
The decision is made in a meeting chaired by Finance Minister Muhammad Aurangzeb
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) has approved amendments to net metering regulations, setting the electricity purchase rate at Rs10 per unit.
The decision was made in a meeting chaired by Finance Minister Muhammad Aurangzeb.
According to the ECC statement, existing net metering consumers will continue under previous agreements, while billing for imported and exported units will now be separated.
The commitment noted that lower solar panel prices have increased net metering adaptation, adding Rs159 billion to grid consumers’ burden by December 2024.
This projected to rise to Rs4, 240 billion by 2034.
Additionally, the ECC approved the export of potassium sulphate fertiliser from Gwadar Port and granted Rs250 million to the Federal Ministry of Education and Rs220 million to the Ministry of Industries.
It also sanctioned funds for the repair of interior Ministry’s helicopter and allocated Rs670 million for the Sustainable Development Goals (SDG) programme.
