Minister Denies Power Tariff Hike Rumors, Clarifies Stance on Solar Net Metering Taxation
In a message posted on X, the minister labeled news of an increase in power tariff as “misinformation”.
The minister also issued a clarification regarding the government’s plans to impose taxation on the solar net metering.
Speaking at a private news channel, the minister ruled out any plans of the government to impose taxation on the solar net metering. “The government will not withdraw its regulations related to net metering for the already installed solar systems”, he said.
However, the minister said, the matter could come under consideration in the next few years as the net metering could lead to fiscal losses and an increase in circular debt.
Net metering is a billing tool that allows consumers to send excess energy generated by solar panels to the local grid in exchange for credits to the monthly electric bills.
