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Dhaka Friday,  May 14, 2021

BERC can revise energy price more than once in a fiscal

BERC can revise energy price more than once in a fiscal Parliament passes Bangladesh Energy Regulatory Commission (Amendment) Bill, 2020

The Jatiya Sangsad passed the Bangladesh Energy Regulatory Commission (Amendment) Bill, 2020 on Wednesday to empower the BERC to make any change in tariff more than one time in a financial year.

The existing law permits BERC to make any change in tariff once in a financial year, reports UNB.

State minister for Power, Energy and Mineral Resources Nasrul Hamid moved the bill in the House and it was passed by voice vote.

As per the bill, prices of energy change in the international market continuously and the government needs to adjust the prices in the local market accordingly. And that’s why the amendment was proposed.

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