The trend of solar energy has been increased and plays a significant role in declining the demand for on-grid electricity due to its higher prices. The government slashed 10 -15 rupees per unit of solar electricity to balance the declining on-grid electricity demand. The previous rate was 21 rupees for solar electricity, which has now been reduced to Rs 7.5 to 11 Rs per unit.
One can calculate this ratio in that sense that previously 2 units of solar electricity is equal to 1 unit of on-grid electricity and now the equation jumps up to 6 units of solar electricity in comparison to 1 unit of on-grid electricity, which pays an additional burden to the poor people of Pakistan.
This action has been taken on IMF concerns as the solar panel prices have been decreased in the global market and the demand for grid electricity is declining in the country, this pays an additional burden on both the poor people and those one’s who are using the solar systems to meet their needs of electricity.
The IMF also tells the government to increase the demand for grid electricity, because the government of Pakistan imported 15 GW of solar panels from China worth approximately 2.1 billion$ last year.
