LESCO has Reduced the Buying Price of Solar Generated Unit
Last Updated On By John Thomas
Unfavorable news has been announced that the price of LESCO units exported from net-metering projects will be reduced from 18 to 9 rupees per unit. This will be bad news for people who generate inexpensive electricity from solar systems and sell it to LESCO.
On September 27, NEPRA will decide what will happen in the end.
After producing cheap power from solar systems, it was decided to lower the price of electricity for those who sell it to DISCOs like LESCO etc.
The unit price and capacity costs are included in the payment to consumers of Rs. 18, and the companies have contacted Nepra for not paying the capacity charges.
NEPRA must decide on September 27 whether to pay capacity charges or not, after it was recommended that distribution businesses lose money when they do so.
The units will now cost 9 Rupees instead of 18 rupees each.
This would be shocking for existing and upcoming consumers of LESCO who were planning either to install more solar panels or to install new ones. Solar panels and inverters cost was not a big deal for new net-metering consumers after a big rise in electricity prices all over Pakistan.
So what we can say at this moment is, just wait until the NEPRA’s decision comes out.
