Bulk electricity tariffs to be announced Thursday

The new price of electricity at the wholesale level will be announced on Thursday, said Bangladesh Energy Regulatory Commission (BERC) Member (Power) Mohammad Bazlur Rahman today (October 11, 2022).

"The commission has decided to announce the new price of electricity on Thursday after a discussion held today," he told The Daily Star.

"Whether the price will increase or decrease can be known on Thursday. Based on the application of Bangladesh Power Development Board, a public hearing was held on May 18, to increase the wholesale price of electricity. There they requested to increase the price by about 66 percent," he said.

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"The technical evaluation committee formed by BERC has proposed to increase the price by 58 percent without subsidy. Later, the government informed about the subsidy of Tk 17,000 crore," he added.

According to law, the price of electricity should be announced within 90 working days.

Earlier on Sunday, BERC Chairman Abdul Jalil had said that the announcement of increasing the price of electricity could come any day.

At a virtual press conference that day, the BERC chairman said, "We will announce the price within the stipulated time. A judgment of 50-60 pages, every word has to be seen. It's taking some time for that. The verdict is in the final stage."

The wholesale price of electricity was increased for the Power Development Board (PDB). PDB supplies electricity at this price to the supplier companies at the consumer level. In its recommendation, the technical committee said it would not be possible to implement the wholesale price rate unless the price is increased at the consumer level. Concerned people said this price increase will have an impact on the customers as well.