• Tuesday, Aug 11, 2020
  • Last Update : 09:29 pm

Power price hike likely this month

  • Published at 12:14 am November 10th, 2017
Power price hike likely this month
The Bangladesh Energy Regulatory Commission (BERC) is expected to announce higher prices of bulk and retail electricity in the third week of November. A meeting was held at the Prime Minister’s Office on Thursday morning about adjusting the power tariffs. Prime minister’s Power and Energy Adviser Tawfiq-e-Elahi Chowdhury presided over the meeting while State Minister for Power, Energy and Mineral Resources Nasrul Hamid, BERC Chairman Monowar Islam and its members were present. Following the meeting, to determine the commission’s action plan, BERC Chairman Monwar and the members held a day-long meeting at the commission office in Karwan Bazar. “We sat in a meeting with prime minister’s power and energy adviser on how to finalise new power tariffs. We hope that we will be able to announce it within a short time,”  BERC Chairman Monowar Islam told the Dhaka Tribune. Seeking anonymity, a commission member told the Dhaka Tribune that BERC is preparing two sets of new power tariff plans for bulk and retail levels. One set is a proposal made during a public hearing by power distribution agencies and companies that would see 3-4% increase of power tariff at retail level. And the second set proposes that the government could give subsidy to the power distribution agencies and companies without increasing tariff, he said. He said they were thinking of increasing the tariff as state-owned electricity distributor Rural Electrification Board (REB) is currently running massive losses. REB is expected to lose around Tk1,400 crore in the current fiscal year if its retail prices are not raised. The REB supplies power to homes, irrigation pumps and charitable organisations, which make up 92% of its all consumers, at Tk4.62 per unit although the cost of that power is Tk6.78. The rest of the consumers, who include commercial enterprises and industrial units, are buying the power at a slightly higher price. On the other hand, the government generally gives subsidy in the power sector as loans with 3% interest. This loan would increase the burden on Power Development Board (PDB) and REB financially. He, however, said decisions had been made to increase the bulk tariff for PDB. BERC will send the prepared tariff set to the Prime Minister’s Office for approval and announce it once it gets the approval. BERC held a seven-day public hearing between September 25 and October 4 on proposals submitted by six state-owned electricity agency and distribution companies to fix new bulk and retail power tariffs. It has to give a decision on electricity tariff within 90 days of the public hearings, as required by the commission act. On February 20, PDB sent a proposal to BERC to raise the power tariff at bulk level by Tk0.72 per unit. Besides, REB, West-Zone Power Distribution Company Ltd, Dhaka Power Distribution Company (DPDC), North West Zone Power Distribution Company Ltd, and Dhaka Electric Supply Company (Desco) have sought hikes in retail tariff. The BERC last raised power tariff by 2.93% or Tk0.18 per unit on a weighted average for retail consumers with effective from September 01, 2015. It also raised bulk power tariff by Tk0.23 per unit on a weighted average for bulk consumers.
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail