There will be a phenomenal growth in power
generation from renewable sources of energy once the regulations on consumer’s
electricity sale to distribution companies get in place, a company’s senior
executive said.
“The National Electric Power Regulatory Authority has
already approved net metering regulations, but the distribution companies have
some reservations over them and the law has not been implemented,” Chief
Executive Officer Inam-ur-Rehman at Reon Energy, a leading solar solutions
provider in Pakistan, told The News.
Implementation of the law will enable consumers to sell
power generated through solar panels or wind mills to a distribution company.
Net metering works through the installation of a meter that
is able to record energy flow in both the directions: from consumer to the grid
and vice versa.
The meter records when consumers draw power from the grid
and use more energy than they produce and also records when they send back
energy to the grid and use less than what they produce. At a month-end, the
consumer is billed on the basis of net electricity.
“Solar energy is generated during the day when consumption
is quite low and the electricity so generated can be pumped into the grid,
which can be adjusted against the consumption during night hours,” Rehman said.
“(Because of that), a consumer fixing solar panels will not need storage
batteries, hence the installation cost will significantly be reduced.”
This will help in boosting the renewable energy market as
well as add surplus units to the grid, bridging supply-demand gap to overcome
the energy crisis.
Sources said distribution companies are reluctant to receive
power from the consumers as they will not be getting any monetary benefits on
this.
Earlier, Rehman, addressing a seminar, said Pakistan is
naturally blessed with abundant solar energy.
“Reon partners with businesses
and industries to help provide energy security and independence.
The company has installed various medium to large scales
projects during the year,” he added.
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