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Gas, power price to rise

16 November,2014

RTNN News Desk: Gas and electricity Tariff may rise by 40% and 18% respectively in January 1 as retailers have applied to the energy regulator to adjust the prices to help them cut losses.

The Five state-run gas distribution companies on Sunday submitted proposals to the Bangladesh Energy Regulatory Commission to increase the price of natural gas by up to 122 per cent, officials said.

The BERC will take a decision on the Petrobangla proposal after conducting a public hearing, officials said, adding that the Berc plans to conduct the three hearings in December, and then increase the prices in January.

The bulk tariff of electricity, the prices retailers pay to Power Development Board, will go up first and then the retail tariff, the prices end consumers pay to retailers, will be adjusted.

Depending on the users, gas prices might go up between 5 and 122 percent, while PDB has proposed an increase of 18.12 percent in the bulk electricity rates.

The gas distribution companies proposed to increase the price of gas for double burners in households by 122 per cent and that for single burners by 88.89 per cent.

The price of gas for double burners in households would be Tk 1,000, up from Tk 450 and that for single burners Tk 850, up from Tk 400, according to the proposal approved by the ministry.

The gas prices for power plants, which do not feed electricity to the national grid, would increase to Tk 240 a thousand cubic feet from Tk 118.26.

For 1,000 cubic feet of gas, distribution agencies will charge commercial consumers Tk 350, up from Tk 268.09, industries Tk 220, up from Tk 165.91, tea estates Tk 200, up from 165.91, power plants feeding the grid Tk 84, up from Tk 79.82 and fertiliser factories Tk 80 from Tk 72.92.

For CNG filling stations, the price per cubic metre will increase to Tk 32, up from Tk 23, which will force retail consumers to pay Tk 40 a unit, up from Tk 30.

The retail tariff will come after the rise of the bulk rates.

Two weeks back, the BERC, for the second time, sent back a Petrobangla proposal to increase the price of gas as it breached the concerned law for energy regulation.

Petrobangla, the state-run Oil, Gas and Mineral Resources Corporation, earlier submitted the proposals on behalf of its subsidiaries — Titas Gas Transmission and Distribution Company, Jalalabad Gas Transmission and Distribution System, Bakhrabad Gas Distribution Company, Pashchimanchal Gas Company, Karnaphuly Gas Distribution Company and Sundarban Gas Company.

Petrobangla, in February 2014, received directives from the energy ministry in this regards.

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