Retail power price likely to go up in February

| Updated: January 31, 2023 09:18:48

Retail power price likely to go up in February

The government is likely to raise the retail power price in February as part of its plans to readjust gas and electricity prices every month.

The Power Division raised the electricity price at the retail level by 5 per cent on January 12, effective from February.

“We’ll have to adjust electricity prices once again next month. We might lower it again the following month if fuel prices drop,” State Minister for Power, Energy and Mineral Resources said on Monday, according to bdnews24.com.

“We don’t have the opportunity to provide more subsidies. Prices must be readjusted.”

Meanwhile, the Bangladesh Energy Regulatory Commission said in a notice that the public hearing on a proposal to raise gas prices was discontinued as the government already raised the prices.

The government has amended the law to get the executive powers to change energy prices.

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