NEPRA has given its long awaited approval on
Net-Metering regulations, on Thursday, 3rd September, 2015, to encourage
consumers to set up their own Photo-voltaic (PV) plants. Net metering is a
prevalent phenomenon in the developed nations, as they make use of solar energy
to power a substantial portion of their day-to-day domestic and industrial
operations.
Net-metering is
advantageous for the country, as it shall help accelerate deployment of
renewable energy infrastructure and ease the energy crisis. Netmetering applies
the concept of reverse metering that allows users to sell surplus energy to the
grid at an agreed upon tariff rate; the consumer hence is billed for the net
electricity used. The net metering mechanism is a brilliant concept to bring
down carbon emissions and average cost of electricity.
Pakistan is located in a region
with ample sun and wind energy that makes it suitable to use renewable energy
technologies. “To evade the looming energy crisis, it is imperative that all
alternate resources are very well embedded in the energy plan. Net-metering is
a wonderful idea that can help the government bridge its energy supply-demand
gap and allow consumers to get uninterrupted electricity and gain energy
credits. ” said Inam ur
Rahman, CEO, Reon Energy Limited. Reon is the renewable energy division of
Dawood Hercules Limited - the single largest energy provider in Pakistan’s private sector and envisions bringing
energy to all in Pakistan.
Reon Energy Limited is applying for 20 connections under the new net-metering
policy.
Using the netmetering concept, energy users typically reduce a portion
of the conventional electricity they buy from the utility. Homeowners,
businesses, schools and other public agencies can all partake in the net
metering process. Net metering is the cornerstone policy for creating
sustainable renewable energy markets, and has driven almost 100 percent of all
rooftop solar deployment in the United
States over the last three decades. Ensuing
successful implementation of the policy, net metering can undoubtedly reshape
the country’s energy security paradig
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