If you've watched this match live on TV, then you're probably the last generation in Pakistan who witnessed Pakistan's peak at hockey..
Event: 1994 Hockey World Cup Final
Net metering vs. net billing fairness debate is a sideshow. The real issue is that this policy won’t solve the government’s short-term power sector problems.
Anyone who can afford a 10kWh+ solar system can increasingly afford batteries too, especially as storage costs continue to fall. Net billing won't fix the revenue gap; it will simply accelerates battery adoption and make grid economics worse.
In mid 2010s, we should have estimated demand better and been able to project solar cost curve. We shouldn't have locked ourselves into multi-decade USD-indexed contracts with capacity charges to the extent we did. More recently, we shouldn't have raised the electricity prices so much that it created a massive solar boom, taking further demand from the grid. And now with net billing, we are repeating the mistake by creating a big incentive for battery adoption acceleration, which will further reduce demand from the grid. Give it two years and you’ll see Bloomberg headlines about Pakistan’s extraordinary household and commercial battery storage adoption.
Long term, this transition is positive. A distributed solar + storage network combined with dynamic marginal pricing is ultimately more efficient. Pakistan will benefit from it. But in the short to medium term, the pain will continue. Because this doesn’t address the core issue: how to pay for legacy capacity costs, and resolve theft and inefficiencies in transmission and distribution. The government really needs to fix these root causes and find revenue in other sectors to plug the gap.
Economics always win over policy. If demand keeps leaving the grid, the revenue gap has to be filled somewhere else. The sooner we acknowledge that, the better.
Cisco and @G42ai expand secure AI infrastructure in UAE 🤝
Cisco powers, connects & secures a large-scale AI cluster deployed by G42 with AMD MI350X GPUs, embedding trusted US tech partners in UAE AI strategy.
Learn more: https://t.co/QI3bU871GK
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Proud to expand our partnership with @G42ai! @Cisco will power, secure, and connect a large-scale AI cluster featuring @AMD’s MI350X GPUs. This underscores our commitment to the UAE's digital transformation and further embeds trusted US tech into G42's AI infrastructure roadmap.