Karachi: Chairman of the Pakistan Chemicals & Manufacturers Association (PCMA), Ahmed Chinoy H.I, S.I, strongly condemns the proposed reductions in net metering rates for solar electricity in Pakistan. This move poses a serious setback to the nation’s clean energy transition, undermining progress in solar adoption among households and businesses while threatening energy security, environmental sustainability, and economic viability for thousands of consumers.
Net metering has played a crucial role in empowering consumers to generate their own clean electricity and contribute surplus power to the national grid, reducing dependence on costly fossil fuel-based energy. Slashing net metering rates will discourage solar investment at a time when Pakistan is already grappling with an energy crisis and rising power tariffs.
Key Concerns:
1️⃣ Disincentivizing Renewable Energy: Lower rates will deter households and businesses from adopting solar power, reversing hard-earned progress toward a greener and self-sufficient energy future.
2️⃣ Financial Losses for Consumers: Thousands have invested in solar energy with the expectation of fair compensation. Reduced net metering rates will impact their return on investment and deter future adoption.
3️⃣ Contradiction to Climate Goals: As one of the most climate-vulnerable countries, Pakistan has pledged to expand renewable energy. These cuts contradict national commitments to reducing carbon emissions.
4️⃣ Increased Grid Pressure: Promoting solar adoption eases the burden on the national grid and mitigates power shortages. Weakening net metering policies will exacerbate energy supply challenges.
Mr. Chinoy urges the government, NEPRA, and the Ministry of Energy to reconsider this short-sighted decision and instead reinforce policies that promote renewable energy. He calls on the public, energy experts, and environmental advocates to oppose these cuts and demand a sustainable, consumer-friendly energy policy.
“Pakistan cannot afford to backtrack on its journey toward energy independence and climate resilience. We demand an immediate reversal of this proposal and a reaffirmation of the government’s commitment to a greener future,” he emphasized.
