In Islamabad, there’s concerning news emerging about solar panels and net metering, as the government plans to slash rates by half.
Sources familiar with the matter reveal that the Ministry of Energy is crafting a new solarization policy. Proposed revisions entail a 50% reduction in net metering electricity rates, dropping from Rs22 to Rs11 per unit.
This policy will also outline net metering allocations for each grid, aiming for a fair distribution of solar energy resources. Seeking federal cabinet approval for implementation, the Power Ministry underscores its dedication to sustainable energy practices.
The recent decline in solar consumers follows a significant surge in the popularity of solar energy. Nonetheless, challenges persist, notably the Rs110 billion annual burden on on-grid consumers due to net metering arrangements.
Suggestions to levy taxes on solar panel installers remain unconfirmed, as there currently exists no fixed tax on solar power in the country.
