- The Pakistani government plans to halve net metering rates through a new solar policy.
- Proposed changes include reducing electricity rates from Rs 22 to Rs 11.
- The policy aims to ensure the fair distribution of solar energy resources across grids.
Sources familiar with the matter revealed that the Ministry of Energy is in the process of formulating a new solarization policy. Among the proposed changes is a significant 50% reduction in net metering electricity rates, with power rates set to decrease from Rs 22 to Rs 11.
The policy will also outline specific net metering allocations for each grid, ensuring a fair distribution of solar energy resources across the country. With these developments, the Ministry of Power is seeking approval from the federal cabinet for implementation, underscoring its dedication to fostering sustainable energy practices.
The recent decline in solar consumers comes amidst a significant rise in the popularity of solar energy. However, challenges persist, including the burden of approximately Rs110 billion annually on on-grid consumers due to existing net metering arrangements.
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There have been proposals to impose taxes on solar panel installers, although these have not been confirmed. Presently, there is no fixed tax on solar power in the country, adding to the uncertainties surrounding the future of solar energy policies in Pakistan.
