Thursday June 13, 2024

Justified fuss

By News Desk
May 27, 2024
Justified fuss

This letter refers to the news story ‘Net metering: Watt’s the fuss all about?’ (May 21, 2024) by Ammar Habib Khan on the issue of solar net metering. The writer mentioned that “the energy cost is 9 rupees per unit” and that “in such a scenario, it does not make economic sense to buy the same electron at 22 rupees per unit from distributed solar units”.

The article appears to suggest that the buyback price for solar net metering ought to be revised downwards. I think that the grid intends to buy solar electrons at reduced prices and sell it to nearby consumers at a much higher price and reap exorbitant profits. This will discourage investment in solar power generation.

Wasi Ahmed Siddiqi