PM Shehbaz Sharif Reaffirms Commitment to Solar Energy Amid Net-Metering Revisions

Prime Minister Shehbaz Sharif reaffirmed on Sunday that the government’s policy on solar energy remains unchanged, emphasizing that promoting renewable energy is a “top priority.” His statement, issued by the Prime Minister’s Office (PMO), came during a meeting in Islamabad to review developments in the Power Division.

This reassurance follows the government’s recent decision to lower the buyback rate for net-metered solar electricity from Rs27 per unit to Rs10 per unit. Officials cited the rapid increase in solar net-metering consumers and the resulting financial burden on grid consumers as key reasons for the adjustment.

Under the revised framework, electricity exported to the grid from solar panels will now be bought back at Rs10 per unit, while imported electricity will continue to be billed at standard peak and off-peak rates, inclusive of taxes and surcharges.

Despite these changes, PM Shehbaz stressed that the government’s commitment to solar energy remains firm. He urged authorities to dispel any misconceptions about the solarization policy by presenting clear “facts and figures.”

Additionally, the Prime Minister announced plans for a comprehensive relief package aimed at lowering electricity costs for the public, aligning with broader power sector reforms.

To further enhance efficiency, he directed officials to fast-track the privatization of power distribution companies and resolve any legal or operational hurdles in the liquidation of generation companies. He also emphasized the need for stronger coordination among the Power Division, Water Resources Division, and Petroleum Division to develop a more cohesive energy strategy.