CAB calls for power, gas price cuts
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Wednesday
August 10, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
WEDNESDAY, AUGUST 10, 2022
CAB calls for power, gas price cuts

Energy

TBS Report
09 June, 2020, 08:55 pm
Last modified: 09 June, 2020, 09:00 pm

Related News

  • Energy sector facing corporatisation: CAB
  • CAB demands quick readjustment of edible oil prices
  • Form 'Price Stabilisation Fund': CAB
  • CAB for setting fuel price with public hearing
  • Power, gas line cuts put Apex Weaving out of production 

CAB calls for power, gas price cuts

The consumer rights group believes it will help people increase their buying capacity during Covid-19 pandemic

TBS Report
09 June, 2020, 08:55 pm
Last modified: 09 June, 2020, 09:00 pm
CAB calls for power, gas price cuts

The Consumers Association of Bangladesh (CAB) has proposed a reduction in electricity and gas prices – to help people increase their buying capacity during Covid-19 pandemic, and thus allowing the crumbling economy to revive.

The non-profit voluntary organisation placed its proposal to the Bangladesh Energy Regulatory Commission (Berc) in an application on Wednesday, according to a press release. 

The consumer rights group also made 13 suggestions for price reductions after analysing the existing tariffs of power and energy.

In the application, CAB's Energy Advisor Professor Dr M Shamsul Alam said the country' economy has been destroyed by the novel coronavirus pandemic.

"To restructure the economy, reductions in the prices of electricity and gas by rationalising the sector's unreasonable expenditure is urgent," he added.

He said the purchasing power of consumers has fallen drastically in the current situation arisen out of the pandemic. Therefore, the government is not getting revenue. 

"The expenditure of consumers will not increase if the prices of goods and services were not reduced. For that, the prices of power and energy need to be reduced first," said Professor Shamsul Alam. 

On behalf of CAB, he delivered 13 proposals or suggestions through which the Berc can reduce the energy price.

The CAB proposals include cancelling capacity charges of all rental power plants and shutting all the public and private power plants over 20 years of age, proper use of gas and electricity development funds and stopping purchase of oil-based electricity from private power plants.

Berc Chairman Md Abdul Jalil told The Business Standard that price adjustment happens through a process which is set by the commission act.

"As part of the process, we will try to find out whether we can arrange a public hearing on the proposal or not," he said.

Bangladesh / Top News

CAB / Consumer Association of Bangladesh (CAB) / Power and gas price cuts

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Brioche rolls exit an oven at the Brioche Pasquier factory in Milton Keynes, UK.Photographer: Ryan Peters/Brioche Pasquier
    The great European energy crisis is now coming for your food
  • Photo: Collected
    Bangladesh's export to grow with 98% duty-free market access: China
  • Photo: Bloomberg
    Bangladesh-Iraq trade grows four-fold

MOST VIEWED

  • Photo: Collected
    Diversified energy sector need of the hour: Dr Tawfiq
  • State Minister for Power, Energy and Mineral Resources Nasrul Hamid. Photo: Collected
    Govt has taken all measures to ensure energy security: Nasrul Hamid 
  • Photo: Mohammad Minhaj Uddin/TBS
    Pacific Jeans launches 3.5mw solar power plant 
  • A bike owner buys petrol at Tk130 per litre being a hapless victim of the fuel price hike. The photo was taken at a filling station in the capital’s Paribagh area on Sunday. Photo: Rajib Dhar
    Bikes, cars feel the fuel pinch at pumps
  • Westerners have put us into the danger: PM’s energy advisor
    Westerners have put us into the danger: PM’s energy advisor
  • File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid
    All factories to remain closed once a week under rationing system

Related News

  • Energy sector facing corporatisation: CAB
  • CAB demands quick readjustment of edible oil prices
  • Form 'Price Stabilisation Fund': CAB
  • CAB for setting fuel price with public hearing
  • Power, gas line cuts put Apex Weaving out of production 

Features

The elevated ground is made out of soil on which grass and trees have grown. This grass-covered elevated ground extends to the perimeter of the establishment. Photo: Maruf Raihan

Aman Mosque: Where form and function complement each other

14h | Habitat
Photo: BSS

Begum Fazilatunnessa Mujib . . . woman of moral power

1d | Thoughts
Will Glass Cosmetics be your next skincare holy grail?

Will Glass Cosmetics be your next skincare holy grail?

1d | Brands
Akij Tableware: More than just dishes on a table

Akij Tableware: More than just dishes on a table

1d | Brands

More Videos from TBS

Why Donald Trump buried ex-wife Ivana at a golf course

Why Donald Trump buried ex-wife Ivana at a golf course

4h | Videos
In absence of groom, his brother stands by the bride

In absence of groom, his brother stands by the bride

7h | Videos
Tajia procession of Muharram

Tajia procession of Muharram

7h | Videos
Importance of Ashura in Islam

Importance of Ashura in Islam

9h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Diesel price hiked by Tk34 per litre, Octane by Tk46
Energy

Diesel price hiked by Tk34 per litre, Octane by Tk46

3
Housing projects sprouting up by Dhaka-Mawa expressway
Real Estate

Housing projects sprouting up by Dhaka-Mawa expressway

4
Infographic: TBS
Banking

Dollar rate will be left to market after two months: Governor

5
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

6
Bangladesh to resume talks for Ukrainian wheat import
Economy

Bangladesh to resume talks for Ukrainian wheat import

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]