The price of electricity at the wholesale level has been increased by 19.92 percent.
Bangladesh Energy Regulatory Commission (BERC) announced this at a press conference on Monday.
The electricity price per unit has been fixed at Tk 6.20, which was Tk 5.17 earlier.
The new tariff will be implemented from December, said the commission.
BERC Chairman Abdul Jalil, its members Abu Faruk, Moqbul-e-Elahi and Bazlur Rahman were present, among others, at the press conference.
On 12 January, the Power Development Board (PDB) proposed a hike in bulk electricity prices. The company asked for a price hike of around 66%. A public hearing on their proposal was held on 18 May.
BERC’s technical committee at the hearing recommended a 58% price hike. After nearly 5 months, in an announcement on 13 October, the BERC said, considering the overall situation and as the PDB failed to show any rational reason, the application has been rejected.