In a major relief for solar energy consumers, the government has decided to reject the proposed reduction in net metering buyback rates. The decision comes as a win for households and businesses relying on solar power, ensuring they continue to receive fair compensation for the excess electricity they supply to the national grid.
Energy sector experts and renewable energy advocates have welcomed the move, emphasizing that maintaining the buyback rate will encourage more people to invest in solar energy, reducing dependence on costly fossil fuels. Consumers had expressed concerns over potential financial losses if the buyback rate was slashed, but the government’s decision has provided much-needed stability for the sector.
The government reaffirmed its commitment to promoting renewable energy and supporting consumers who have invested in solar systems. This decision is expected to further boost Pakistan’s transition toward clean energy while offering financial incentives to those contributing to the grid.
