Net metering reform shields 1.3% vulnerable consumers

0
116

ISLAMABAD: Prime Minister’s Coordinator Rana Ehsan Afzal on Wednesday said the revised solar net metering policy is aimed at preventing additional costs from being passed on to the remaining 1.3% of consumers, particularly low-income households, while maintaining a reasonable three-year payback period for solar investors.
While speaking to a local media channel, Prime Minister’s Coordinator Rana Ehsan Afzal explained that the revised solar net metering policy was designed to balance supply and demand, a principle followed by energy regulators globally. He emphasized that the policy ensures long-term stability of the power system while promoting renewable energy growth.
Responding to a query about consumers’ concerns, he highlighted that the reforms protect around 1.3% of vulnerable consumers from additional costs, particularly low-income households. He also noted that solar investors would continue to benefit from a reasonable three-year payback period, which the government considers fair and sustainable.
Addressing questions about DISCOs, Rana Ehsan Afzal said that work is underway and significant changes are expected within the next couple of months.He added that three privatization initiatives are on the way, underlining the government’s commitment to improving efficiency, transparency and service delivery in the power sector. — DNA