- Government to maintain the net measurement for solar energy users.
- Plans to introduce a more transparent net billing system.
- Minister underlines Cancellation of 9,000 MW of projects.
Islamabad: In the midst of current talks with the International Monetary Fund (IMF), the government has decided to introduce radical energy reforms which include the supply of 7,000 megawatts of electricity in agriculture and industry at competitive prices.
The government is currently sitting on a surplus of power of 7,000 MW, which it intends to sell to agricultural and industrial sectors at a flat rate of 7 to 7.5 cents per unit – without subsidies.
With the current administration retaining the net measurement for solar energy users, it plans to introduce a more transparent net invoicing system.
“We do not discourage solar adoption. It is a question of creating a balanced, transparent and sustainable framework which ensures a fair performance for consumers while protecting network stability and long -term energy planning,” said Federal Minister of Sardar Awais Ahmad Khan Leghari on Wednesday.
Leghari confirmed that negotiations with the IMF have been underway for six months to obtain the approval of the plan to sell a surplus electricity. He said this by speaking during a consultation organized by the Private Power and Infrastructure Board (PPIB) here.
The Minister described the radical reforms underway in the energy sector, noting the cancellation of 9,000 MW of expensive and redundant projects and the imposition of samples to users of captive power, rejecting them on the national network and increasing demand.
“Our goal is to balance supply and demand and provide reliable power without distortion subsidies,” he said.
He also pointed out that cross subsidies amounting to RS174 billion has reduced electricity rates for industries up to 31% since June 2024, aroused an increase in industrial energy consumption. The prices of various categories of consumers fell between 14% and 18%.
Leghari defended the solar economy on the roof, noting that most consumers are even breaking in three years. “If a consumer uses 40% of the electricity themselves, the return on investment in three years is a robust commercial proposal,” he said.
The government assesses the dynamic pricing mechanisms for energy buybacks in order to reflect market conditions in real time. While the net measurement will remain in place, the minister said that net invoicing offered a “more efficient and sustainable” approach to integrate distributed solar energy.
He reaffirmed that all reforms – including the modernization of the network and incentives for out -of -network solutions – are part of a wider strategic change to build a more intelligent and more resilient energy system.
“It’s time to transform the Pakistan powers sector to a more intelligent and more resilient model,” he concluded.