Prime Minister Shehbaz Sharif Directs New Tariffs for Solar Electricity
In a significant policy shift, the federal government has decided to terminate the existing net metering system. This decision, aimed at reshaping the solar energy landscape, involves the introduction of fixed monthly charges for solar users and the establishment of separate rates for purchasing and selling solar electricity.
Important Changes for Solar Energy Users:
- End of Net Metering: The current net metering system, which allows solar users to sell excess electricity back to the grid at the same rate they purchase it, will discontinued.
- Fixed Monthly Charges: Solar system users will now incur fixed monthly charges. This move designed to streamline costs and ensure a more balanced approach to solar energy utilization.
- New Tariff Categories: Separate tariff categories for the purchase and sale of solar electricity will be introduced, reflecting the government’s effort to create a more sustainable and fair pricing structure.
- 600 MW Solar Power Plant: In a strategic partnership, the government has decided to establish a 600 MW solar power plant with Saudi Arabian investors. This project, notable for its intergovernmental nature and exemption from the bidding process, signifies a major step forward in enhancing the country’s solar energy capacity.
Prime Minister Shehbaz Sharif has instructed the relevant authorities to prepare a summary of these decisions and submit it promptly. This directive underscores the government’s commitment to revamping the solar energy sector and promoting renewable energy sources.
These changes poised to impact current and future solar energy users, aiming to foster a more efficient and equitable energy system. As the government moves forward with these plans, stakeholders advised to stay informed and adapt to the forthcoming regulatory adjustments.
