Govt hikes retail power price by 5%

The government has increased retail power price per unit by Tk 0.19 (5 per cent), State Minister for Power, Energy and Mineral Resources Nasrul Hamid told the media on Thursday.

He told BSS that the new power tariff will come into effect from the current month (January) and consumers using post-paid meters will have to pay from February.

Prepayment meter consumers will have to add the adjusted tariff to their electricity bill from this month.

From now, the electricity price will be adjusted in the first week of every month, the state minister said, adding, “This price will be effective by executive order.

“Consumers will now be informed about the price of electricity, whether it adjusts upward or downward, in the first week of every month.”

Nasrul Hamid also said that retail customers will have to buy electricity at the new price.