Govt has second thoughts on changes to solar policy

After attracting flak for its move to reduce the buyback rate from Rs27 to Rs10 per unit, the government has decided to revisit its solar net metering policy by taking all stakeholders on board. In the weekly cabinet meeting, chaired by Prime Minister Shehbaz Sharif on Wednesday, the federal cabinet decided to broaden the scope of consultations on solar net metering regulations recently approved by the Economic Coordination Committee (ECC) and asked for the recommendations to be re-submitted to the forum following feedback from all stakeholders. The decision to review the changes to net metering regulations was taken amid strong reaction from consumers and the traders, who called out the government for its knee-jerk reaction to the growth of renewable energy.