The Energy Regulatory Commission (BERC) hiked bulk electricity price by 19.92% to Tk6.20 kWh from the previous price of Tk5.17 kWh.
The new tariff will be implemented from next month, Bangladesh Energy Regulatory Commission Chairman Md Abdul Jalil said while virtually announcing the price on Monday (21 November), media reported.
Media cited that economists fear the move will cause more misery in the lives of people who are already under severe strain due to increasing prices of goods.
Media also cited their sources saying one of the International Monetary Fund (IMF) conditions for loan is to reduce subsidies in the power and energy sectors and the price hike is coming as part of that process, although the BERC rejected the move just 38 days ago.
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