Minister of Power refutes rumors on net metering policy revision

Web DeskMay 20, 2024 08:42 AMnational
  • Net metering policy remains unchanged, supporting renewable energy adoption
  • Decreasing costs of solar panels make solar energy investments more accessible
  • Investors can recover initial investment in solar panels in 1.5 years
Minister of Power refutes rumors on net metering policy revisionImage Credits: tribune.com.pk
The Minister of Power clarifies no changes to net metering policy, promoting renewable energy and making solar investments accessible.

The Minister of Power, Awais Laghari, has refuted rumors circulating about a potential revision in the net metering policy. Net metering, a policy introduced by the PMLN government in 2017, allows individuals to sell excess electricity generated from renewable sources back to the grid. Laghari clarified that there are no plans to eliminate this policy, which has been instrumental in promoting renewable energy adoption in the country.

Laghari further explained that the decreasing costs of solar panels have made investments in solar energy more accessible. He noted that investors can now recover their initial investment in solar panels in approximately 1.5 years, making it a lucrative option for those looking to reduce their electricity bills and contribute to a cleaner environment.

The Minister of Power's statement provides reassurance to individuals and businesses currently benefiting from the net metering policy. The continued support for this initiative underscores the government's commitment to sustainable energy practices and encourages more people to explore renewable energy options for a brighter and greener future.

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