The government has decided to limit the duration of net metering agreements to five years, following the recent reduction in buyback rates for net metering consumers.

According to sources, this move will allow buyback rates to be adjusted periodically, giving the National Electric Power Regulatory Authority (NEPRA) the authority to review them as needed.

The government has also sent policy guidelines to NEPRA, setting the net metering buyback rate at Rs10 per unit.

Under the new mechanism, NEPRA will be able to revise buyback rates from time to time, while the billing methodology for net metering consumers will also be updated.

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As per the policy, the imported and exported units will be accounted for separately, with exported units likely to be purchased at approved procurement rates.

Meanwhile, imported units will be billed based on peak and off-peak rates within the monthly billing cycle.

Additionally, sources indicate that under the new policy, NEPRA will incorporate advanced inverter standards into the legal and regulatory framework.

All new net metering consumers will be required to comply with updated standards, ensuring that modern inverters can integrate with the grid in real time.