PDB proposes 23pc power price hike
Published : Thursday, 28 November, 2019 at 6:12 PM Count : 310
Bangladesh Power Development Board (BPDB) has proposed power price hike by 23 percent per unit in wholesale level aiming to meet deficit.
The power authorities made the proposal at a public hearing of Bangladesh Energy Regulatory Commission (BERC) on power price rise at city's Karwan Bazar on Thursday.
Reviewing the proposal, BERC said power price can be raised by 19.50 percent per unit to adjust supply costs.
At the hearing, PDB GM (commercial activities) Kawsar Amir Ali said the government had to count loss about Tk 68,623 million last financial year as the supply expenses is now less than wholesale power price.
bdnews24.com add: Kawsar said that the bulk electricity transmission cost was Tk 5.83 in fiscal 2018-19 and now electricity bulk tariff rate is Tk 4.77.
“As a result, the BPDB faced a loss of over Tk 68.62 billion in the last fiscal year.”
The BPDB estimated a loss of about Tk 86 billion next year taking the rising transmission cost into account.
The other reasons for the electricity tariff hike include the depreciation of taka against foreign currency, rising gas price, 5 percent VAT imposition on coal, power generation cost increase and the non-payment of electricity bills by some distribution agencies, according to the BPDB official.
The power distribution companies started submitting the price hike proposals to the BERC in the middle of October.