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Bangladesh’s RMG makers are concerned about proposals to raise electricity prices

The Bangladesh Energy Regulatory Commission (BERC) today held a hearing on a proposal to raise bulk electricity tariffs at the request of the State Bangladesh Electric Power Development Commission (BPDB). Owners of the textile and apparel industry have expressed concern at the proposed hearing on the proposed increase in bulk electricity prices by 65.95%.

There is concern that higher electricity prices during the depression will put more pressure on the industrial sector and such a decision would not be wise.

The Bangladesh Energy Regulatory Commission (BERC) today held a hearing on a proposal to raise bulk electricity tariffs at the request of the State Bangladesh Electric Power Development Commission (BPDB). Owners of the textile and apparel industry have expressed concern at the proposed hearing on the proposed increase in bulk electricity prices by 65.95%.

In a statement, the Bangladesh Chamber of Commerce and Industry (FBCCI) said that raising electricity prices in the current situation would be seen as a “suicide move” by the government.

“Rising electricity prices have a multifaceted negative impact on agriculture, services and manufacturing. Even the ongoing economic development trends will be seriously affected,” he said.

Industry groups have urged the government not to accept proposals to raise electricity prices.

BPDB has requested energy regulators to set bulk electricity tariffs on Tk 8.58 instead of the existing Tk 5.17 per kilowatt hour.

BPDB claims that if bulk charges are not raised, it will incur a loss of 30,251 chlores this year.

Bangladesh media reports that the economic loss was due to higher fuel costs and other soaring costs, with electricity production costs rising from 2.13 taka in 2019-20 to 4.24 taka per unit in 2022. Said.

Bulk rate increases apply to distribution companies that are bulk consumers.

All state-owned distributors have already submitted their proposals to BERC to raise electricity tariffs at the retail level.

Fiber2Fashion News Desk (DS)



Bangladesh’s RMG makers are concerned about proposals to raise electricity prices

Source link Bangladesh’s RMG makers are concerned about proposals to raise electricity prices

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