Latest government decisions regarding energy are textbook examples of regulatory capture
The recent retail electricity tariff hike will ultimately create an additional economic burden on the smooth operations of the private sector and power intensive industries, Dhaka Chamber of Commerce and Industry (DCCI) President Barrister Md Sameer Sattar said.
The Bangladesh Energy Regulatory Commission (BERC) has raised the power tariff by 5.3 percent at retail and 8.4 percent at wholesale levels.
The High Court yesterday questioned the legality of the Bangladesh Energy Commission's move to raise power tariff at wholesale and retail.
The High Court questions the legality of the authority's move to raise power tariff at wholesale and retail markets.
Minutes before the beginning of yesterday's countrywide hartal called by the left-leaning parties protesting the power tariff hike, police allegedly raided the office of Communist Party of Bangladesh and picked up 11 of its leaders and activists.
The BNP has extended its support for the half-day hartal called for today by left-leaning parties protesting a rise in power tariff from December.
Terming the power tariff hike negligible, Prime Minister's Energy Adviser Tawfiq-e-Elahi Chowdhury yesterday said the new tariff would not hurt people.
The power tariff hike is marginal and it will barely have any effect on the people’s daily life, prime minister’s energy adviser Tawfiq-e-Elahi Chowdhury says.
Utility companies' proposals to increase power tariff at bulk and retail faced heavy criticism during a hearing at the Bangladesh Energy
Dhaka Electric Supply Company Ltd (Desco) yesterday sought 6.34 percent retail power tariff hike to avoid losses.
Consumer rights groups, industries and politicians yesterday opposed the government's move to hike bulk power tariff for distributors as it would eventually be passed on to end-consumers.
