Electricity tariff was raised at both retail and bulk levels, with effect from tomorrow (February 1).
The Power Division — through administrative order and in two separate gazette notifications — raised the tariff.
Enhancement in bulk tariff means, the distribution companies will purchase electricity by an increased rate of Tk 0.50 per unit from Bangladesh Power Development Board (BPDB) while enhancement in retail tariff means, consumers will have to pay enhanced rate for using electricity.
Earlier on January 13, the government raised the electricity tariff by 5 percent at the retail level with effect from January 1.
At that time, the average tariff for all consumers went up by Tk 0.36 to Tk 7.49 from Tk 7.13.
On November 21, the bulk power tariff was hiked by 20 percent to Tk 6.20 per kilowatt hour by Bangladesh Energy Regulatory Commission (BERC) with effect from December 1.
The government recently amended the BERC Act empowering the Power Division to raise power, gas and petroleum fuel by administrative power any time it wants.
Meanwhile, energy experts believe the tariff enhancement decision came in compliance with the conditions of the International Monetary Fund (IMF) that recently approved $4.5 billion in loan to Bangladesh.
