JS passes bill allowing BERC to bring any change in tariff more than one time per FY

UNB

18 November, 2020, 09:40 pm

Last modified: 18 November, 2020, 09:42 pm

JS passes bill allowing BERC to bring any change in tariff more than one time per FY

The Bill said that prices of energy changes in the international market continuously and the government needs to adjust the prices in the local market accordingly

UNB

18 November, 2020, 09:40 pm

Last modified: 18 November, 2020, 09:42 pm

JS passes bill allowing BERC to bring any change in tariff more than one time per FY

The Bangladesh Energy Regulatory Commission (Amendment) Bill, 2020 was passed in Parliament on Wednesday to empower the BERC to make any change in tariff more than one time per financial year.

The existing law permits BERC to make any change in tariff once in per financial year.

State minister for Power, Energy and Mineral Resources Nasrul Hamid moved the Bill in the House and it was passed by voice vote.

Keep updated, follow The Business Standard's Google news channel

The Bill said that prices of energy changes in the international market continuously and the government needs to adjust the prices in the local market accordingly. And that's why the amendment was proposed.

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.