Retail power price goes up by 5.3pc from Dec 1

Staff Correspondent | Published: 00:05, Nov 24,2017 | Updated: 23:48, Nov 23,2017

 
 

The Bangladesh Energy Regulatory Commission on Thursday increased retail power price by 5.3 per cent but did increase the bulk-level price despite the Power Development Board’s proposal for increasing 14.18 per cent.

With the latest increase, retail subscribers would have to pay Tk 0.35 more per unit or KW—HR.

BERC chairman Monwar Islam announced the decision saying that the new tariff will come into effect from December.

The regulatory body announced its decision at 3:00pm on power tariff hike proposals placed by different state-owned companies.

Earlier, the BERC held a series of public hearings on the power price hike proposals between September 25 and October 4.

The state-run Power Development Board sought 14.78 per cent hike in price of bulk electricity while the power distribution utilities demanded up to 22 per cent in price of retail electricity.

The distribution utilities also requested the BERC to adjust the bulk tariff if it raised the price.

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