The energy regulator will announce increased prices of electricity and gas on Thursday afternoon.
The Bangladesh Energy Regulatory Commission (BERC) acting secretary AKM Monowar Hossain Akhand disclosed the information to the Dhaka Tribune.
He said: “The new prices will be disclosed at a press brifing around 4pm today.”
Also Read: Power, gas price hike announcement any day
The bulk price of electricity is being raised after three years, retail price after one year and that of gas after seven years.
After six months of public hearing, the energy regulator is going to announce the revised tariffs following a meeting with prime minister’s energy adviser Tawfiq-e-Elahi Chowdhury on Wednesday where they discussed fixing the tariffs on fuel oil, power and gas at the bulk and consumer levels and transmission charges.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid; BERC Chairman AR Khan and members Salim Mahmud, Delwar Hossain, Md Maksudul Haque, Rahman Murshed; Prime Minister’s Principal Secretary Abul Kalam Azad; Power Division Secretary Monowarul Islam and Energy Division Secretary Abu Bakar Siddique attended the meeting.
The cost of production and distribution of a single unit of electricity now stands at Tk6.54 while the rate at the wholesale level is Tk4.70.
Since 2009, the BERC has increased power tariffs six times.
In the latest increment made in September 2012, power tariff at the bulk level was raised by 17% to Tk4.70 per unit.
In March 2014, retail price of electricity was raised by 7.17% to Tk6.5 from the previous Tk5 per unit rate.
The last time the price of gas was increased in November 2008. After coming to power in 2009, the Awami League-led government only increased the price of compressed natural gas (CNG) several times.
