Power price hiked again

Power price hiked again

Bangladesh Energy Regulatory Commission (BERC) has again increased the prices of electricity for retail and bulk consumers by Tk0.36 and Tk0.40 respectively.

The new prices will be effective from March.

BERC Chairman Md Abdul Jalil announced the prices at a press conference at his office in Dhaka on Thursday.

Currently, per unit retail price of electricity is Tk6.77. And now, the price will increase by 5.3% to Tk7.13.

Similarly, the bulk electricity price will shoot up by 8.3% to Tk5.17 from Tk4.77.

This is the fifth power price hike at the retail level since the Awami League came to power in 2009. And the bulk price hike is the third one since then.

Power tariffs were hiked last on November 23, 2017. At that time, BERC on an average had raised the tariff by 5.3% or Tk0.35 per unit at the retail level.

Bulk power consumers were exempted then. BERC last raised the power tariff for bulk consumers on September 1, 2015, by Tk0.23 per unit.