PESHAWAR:* The business community has voiced strong opposition to the government’s sudden changes in the net metering policy, warning that the move will severely hinder the growth of the renewable energy sector. They have called for an immediate reversal of the decision.
Speaking on Sunday, traders criticized the drastic reduction in the power purchase rate for solar panel owners—from Rs 27 per unit to Rs 10—calling it unfair and damaging to the sector. The 63% cut, they argued, would discourage new investment in solar energy and undermine the government’s renewable energy targets.
Haji Muhammad Afzal, Regional Chairman of FPCCI, condemned the policy, stating that forcing solar consumers to purchase electricity at rates 550% higher from the national grid is unreasonable and unacceptable.
Fazal Moqeem, President of the Sarhad Chamber of Commerce and Industry, criticized the government for imposing an additional 90 paisa per unit charge on non-solar consumers under the pretext of policy changes, calling it highly deplorable.
He further pointed out that the government is diverting attention from more pressing issues such as Rs 18 per unit in non-functional capacity payments and an annual loss of approximately Rs 600 billion due to power theft and non-payment of bills.
The chamber urged the government to reconsider its decision and prioritize sustainable energy solutions that benefit all consumers rather than favoring a select few.
Moqeem emphasized that promoting the renewable energy sector is crucial for Pakistan’s energy security, economic growth, and environmental sustainability.
Traders called for consultations with the business community and relevant stakeholders to develop a balanced and comprehensive energy policy that ensures the growth of renewable energy while protecting consumer interests.
