PM Shehbaz Sharif Blocks Proposal to Slash Solar Net-Metering Rates
ISLAMABAD β In a move welcomed by clean energy advocates and homeowners, Prime Minister Shehbaz Sharif has once again halted a proposal to revise Pakistanβs solar net-metering policy, even before it was officially submitted to the federal cabinet.
According to a senior official quoted by Dawn, the Power Division was preparing a public awareness campaignβtogether with the Ministry of Informationβbefore presenting the revised policy. However, a directive from the PMβs Office ordered an immediate stop to the effort.
βThis is the third time weβve been told to stand down,β the official confirmed.
π What Was Being Proposed?
The now-shelved proposal aimed to cut the buyback rate for solar energy supplied to the national grid under the net-metering policy. Key highlights included:
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Reducing the buyback rate from Rs. 27 per unit to Rs. 11.33 per unit, nearly a 60% decrease
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Extending the investment recovery period from 1.5 years to 2β3 years
These changes were initially approved by the Economic Coordination Committee (ECC) but previously rejected by the federal cabinet after public backlash.
π‘ Relief for Solar Energy Users
With the proposed changes now blocked, solar panel owners and green energy advocates can breathe a sigh of relief. The current policy remains in effect, which means:
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Rs. 27 per unit will continue to be paid for excess electricity fed into the grid
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Faster return on investment for residential and commercial solar systems
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Continued encouragement for renewable energy adoption across Pakistan
β‘ Policy Outlook: What’s Next?
Earlier this month, Federal Power Minister Awais Leghari stated that he planned to revisit the policy by consulting key stakeholders. However, any attempt to lower net-metering incentives is expected to meet strong resistance from the public and green energy sector.
