Home Home Power Development Board proposes 19.44pc hike at retail level

Power Development Board proposes 19.44pc hike at retail level

Dhaka, Nov 23: State-owned Bangladesh Power Development Board (BPDB) has submitted its proposal to the energy regulator seeking Tk 1.47 hike per kilowatt hour (each unit) at the retail level, official sources said on Wednesday.

“We sought to raise the retail tariff by 19.44% to Tk 9.03 per unit from the existing Tk 7.56 per unit”, a top official of the BPDB told UNB.

The retail power tariff proposal was placed by the BPDB just within the next day after the bulk power tariff was raised.

On Monday, the BERC raised the bulk power tariff by 19.92% – to Tk 6.20 per kilowatt hour (each unit) from the previous Tk 5.17 – with effect from December 2022 disposing a review appeal of the BPDB.

The BPDB submitted the retail power tariff hike proposal to the Bangladesh Energy Regulatory Commission (BERC) on Tuesday afternoon after receiving approval from the Power Division”, said a BPDB official who preferred not to be named because of the sensitivity of the issue.

He also mentioned that State Minister Nasrul Hamid has seen the BPDB’s retail tariff hike proposal before the submission to the BERC.

However, BERC Chairman Abdul Jalil has said he is yet to see the proposal.

As per the BERC Act 2003, after receiving any proposal from any power distribution entity on tariff adjustment, the BERC will hold a public hearing to listen to the opinion of different stakeholders and then it will announce its decision within 90 days from the conclusion of the hearing procedures.

After the bulk tariff enhancement, Nasrul Hamid has said that right now, the bulk power tariff hike will have no impact on the masses.

He, however, said the government wants to ensure uninterrupted power supply to consumers. “That’s why power tariff adjustment was needed,” he added that the power distribution entities are preparing their proposals to submit to BERC – seeking a hike in the electricity tariff at retail level.

“BERC will examine whether it will have any impact on retail consumers in future,” he told reporters.

Consumers Association of Bangladesh (CAB) ASM Shamsul Amal said that the rights group will present its opinion when it comes for public hearing.

RELATED ARTICLES

Ghana plans to buy oil with gold instead of US dollars

Intl desk, Nov 25: Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President...

Richarlison turns on style as silky Brazil see off Serbia

Sports desk, Nov 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular...

Vote for Awami League again: PM Hasina tells Jashore rally

Jashore, Nov 24: Prime Minister and Awami League President Sheikh Hasina on Thursday urged the people to vote for her party's election symbol "boat"...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Ghana plans to buy oil with gold instead of US dollars

Intl desk, Nov 25: Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President...

Richarlison turns on style as silky Brazil see off Serbia

Sports desk, Nov 25: Brazil outclassed Serbia 2-0 in their World Cup opener on Thursday as Richarlison scored two second-half goals, including a spectacular...

Vote for Awami League again: PM Hasina tells Jashore rally

Jashore, Nov 24: Prime Minister and Awami League President Sheikh Hasina on Thursday urged the people to vote for her party's election symbol "boat"...

Escape of 2 militants: Mehedi on 7-day remand

Dhaka, Nov 24: A Dhaka court has placed Mehedi Hasan Omi alias Rafi on a seven-day remand in a case filed over snatching away...

Recent Comments