BERC hearing on cutting power prices Thursday | 2017-10-05 |

BERC hearing on cutting power prices Thursday

Sun Online Desk     5th October, 2017 02:08:08 printer

BERC hearing on cutting power prices Thursday

The Bangladesh Energy Regulatory Commission (BERC) will hold a public hearing Thursday on a proposal tabled by the Consumers’ Association Bangladesh (CAB) to reduce electricity prices.


This is the first time ever BERC took such initiative.


BERC Chairman Monowar Islam revealed the matter on Wednesday after hearing a separate proposal from Northern Electricity Supply Company (Nesco).


Nesco, which is currently supplying power to Rajshahi and Rangpur divisions has proposed a 15.3% increase during the company’s hearing with the BERC while the CAB has been demanding a cut in electricity prices.


If the Nesco proposal is implemented based on the current bulk pricing rates, the price per unit of electricity will shoot up to Tk1.07. And if the bulk prices see a hike, unit prices will further rise.


Like other distribution agencies and companies, Nesco too urged for an increase in demand and service charges.


“Our bulk purchasing prices of electricity are higher compared to other companies. Power factor charge is also higher due to an increase in the prices,” Jakiul said.


However, BERC’s technical evaluation committee suggested increasing power price per unit by 89 paisa.


BERC members Rahman Murshed, Md Mizanur Rahman, Md Abdul Aziz Khan and Md Mahmudul Haq Bhuiyah and other stakeholders also attended Wednesday’s hearing at TCB Bhaban in Karwan Bazar of Dhaka.