Can find the spec sheet for the metre online confirms it can.
Municipality are trying to push their budgeted costs on to you, Eskom didn't but unfortunately the only thing stoping Eskom from setting up feeding back is red tape. Lol I'll be happy to feedback to the grid even if they only pay me 50% of what they charge me per unit but alas only a pipe dream. Then again maybe the guy that rolling out load limiting will be put in charge of net metering next.
Let's be honest here most of you who don't see why it works is because you not the person who it targets, you the person they want Joe public to be. You know you ussage what each device uses what to cut down on etc. you already know what most be of to keep you usage under 2000w, and if you don't lol you going to learn.
Majority of people are ignorant about how much power they use ( flip done are so stupid still think I pay for it I'll use hope much I want and then complaining electricity is expensive) this forces people to take a look at what each device at home uses.