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Recommendation to increase the price of electricity by 58 percent

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Online Reporter /

The technical team of Bangladesh Energy Regulatory Commission (BERC) has recommended to increase the price of electricity by 57.83 percent. The technical team recommended an increase of 57.83 per cent as against the proposed 65.57 per cent increase proposed by the Power Development Board (BUBO).

The technical team made the recommendation at a public hearing at the Biam Foundation auditorium in the capital on Wednesday (May 18). Beauvoir proposes to increase the wholesale rate by Tk 3.39 per unit. On the other hand, the technical team recommended an increase of Tk 2.99 against the proposal.

BERC last fixed the wholesale price of electricity at Rs 5.17 per unit in February 2020. Bangladesh Electricity Development Board (BPDB) is the sole wholesaler of electricity. In addition to their own production, they are importing electricity from abroad and buying electricity from privately owned power plants. It has been selling at wholesale prices to 5 distribution companies. And they are distributing in the urban areas of Mymensingh, Sylhet and Chittagong divisions.

BPDB’s proposal to increase the wholesale price has said that the cost of generating electricity from oil has gone up due to non-availability of gas supply as per the demand. The average production cost of electricity in the fiscal year 2019-20 was Tk 2.13, in the fiscal year 2020-21 it increased to Tk 3.16.

Due to increase in fuel price and increase in coal VAT, the production cost per unit in 2022 will be Tk 4.24. If the wholesale price does not increase, BPDB will lose 30 thousand 251 crore 80 lakh taka in 2022. The hearing was attended by the Director General of Power Development Board, directors and officials of different levels, Chairman and members of BERC.

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