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The Bangladesh Energy Regulatory Commission (Amendment) Bill, 2020 was placed in Parliament on Tuesday to empower the BERC to make any change in tariff more than one time per financial year.
Currently the law permits BERC to make any change in tariff once in per financial year.
State minister for Power, Energy and Mineral Resources Nasrul Hamid placed the Bill in the House and it was sent to the respective parliamentary standing committee for further scrutiny. The Committee was asked to submit its report within 30 days.
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, he said.