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Power price will not increase at retail level now: Nasrul

Bulk power price goes up by around 20%
BSS . Dhaka
21 Nov 2022 18:46:39 | Update: 21 Nov 2022 18:54:48
Power price will not increase at retail level now: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid — File Photo

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Monday said the electricity price will not be increased at the retail level now though the bulk tariff has been adjusted upward by 19.92 per cent at the distribution level.

"The new adjustment of power tariff will not be effective for the retail level consumers and it will be effective only for power distribution companies and some other bulk consumers," he said.

Talking to reporters at his ministry, Nasrul said the Bangladesh Energy Regulatory Commission (BERC) announced the new adjustment by holding public hearings and scrutinising oil and fuel prices in the global market.

"The BERC announced the new tariff as oil and gas prices went up in the international market due to the Ukraine-Russia war," he said.

"We want to keep electricity prices at a tolerable level. We are working to ensure uninterrupted power supply across the country...power situation is improving," the state minister added.

Earlier in the day, the BERC increased per unit of electricity price from Tk 5.17 to Tk 6.20 at the bulk rate which will take effect from December 1.

The energy regulatory commission announced its decision on the review appeal of the state-owned Bangladesh Power Development Board (BPDB) to raise bulk power tariffs through a virtual press briefing.

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.

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