Bulk power price goes up by around 20%

Bangladesh Energy Regulatory Commission (BERC) has increased bulk power price by 19.92 per cent, from Tk 5.17 to Tk 6.20 per unit, with effect from December 2022.

BERC announced its decision on the review appeal of the state-owned Bangladesh Power Development Board (BPDB) to raise bulk power tariff through a Zoom press briefing on Monday.

However, the new tariff will not be effective for retail consumers. It will be effective only for power distribution companies and for some other bulk consumers. 

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The last tariff both in retail and bulk was raised on March 1, 2020.

The BPDB filed the review appeal to the BERC on November 14 within 30 working days after its proposal was rejected by the regulator on October 13.

Before submitting the proposal, the BPDB received a nod from the government’s highest policy level, a media release from BERC said.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid also approved the review appeal.