Finance

Electricity prices not increasing at the consumer level right now Electricity Price
Collected Power Supply Line, Minister of State for Power, Energy and Mineral Resources inset

Electricity prices not increasing at the consumer level right now

Bangladesh Live News | @banglalivenews | 22 Nov 2022, 11:03 pm

Dhaka, November 22: State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that electricity prices are not increasing at the consumer level. He said this while talking to reporters in his own room of the Secretariat on Monday (November 21).

The Bangladesh Energy Regulatory Commission (BERC) has announced an increase in electricity prices at the wholesale level in view of the request of the Power Development Board (PDB). Increased from 5 taka 17 paisa to 6 taka 20 paisa per kilowatt. That is, 1 taka has increased to 3 paise per kilowatt. 19.22 percent increased as a percentage. This new price will be effective from next month.

In this context, the minister said, due to the increase in production cost, the price of electricity and fuel has to be adjusted all over the world. Prices are not increasing at the consumer level right now. Whether the price will increase or not depends on the field level information. Further decision will be taken after checking everything.

Regarding the increase in electricity prices at the wholesale level, he said, BERC has taken a decision after considering them. Earlier they did not increase the price even by announcing. Everything they did was checked.

Regarding whether there is any plan to increase the electricity prices at the consumer level before the elections, the state minister said, "I have not said about the increase even once. It does not matter whether it is a year before the elections or two years before the elections, now the prices are being adjusted all over the world. We buy USD 7 gas for USD 30."

Regarding the electricity supply situation, the state minister said, "We have adjusted the supply now. We are hopeful that the electricity production is going towards a good situation. The deficit is gradually being filled."