The Financial Express

Govt now can decide energy price without BERC

| Updated: November 29, 2022 08:59:31

Govt now can decide energy price without BERC

The Cabinet has approved an amendment to Bangladesh Energy Regulatory Commission (BERC) Ordinance 2022 to empower the government to set fuel tariffs on its own under special circumstances without waiting for the commission’s public hearing and decision.

The approval came at the Cabinet meeting with Prime Minister Sheikh Hasina in the chair at the PMO, said Cabinet Secretary Khandker Anwarul Islam while briefing the media at the Secretariat on Monday.

He said the BERC can wait for up to 90 days to review and take a decision on fixing tariff rates and this is a long time. The amendment is being done so the government can set the fuel price on an urgent basis in a situation like what prevails now, reports UNB.

The possibility of importing fuel and energy under the private arrangement was discussed at the meeting and the relevant authorities were given direction in this regard, he said.

Share if you like

Filter By Topic