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NESCO proposes 15.30% retail power price hike

State-owned Northern Electricity Supply Company Ltd (NESCO) on Wednesday proposed hiking its electricity tariff by 15.30 percent considering the proposed increase in bulk tariff.  

NESCO presented the proposal at the public hearing organised by Bangladeshi Energy Regulatory Commission or BERC at the TCB Auditorium in Dhaka.

According to the company`s proposal, the existing average retail tariff is Tk 6.73 per unit while it wants it to be raised to Tk 7.76 per unit. 

NESCO is a new state-owned company which was established in October last year in the districts under Rajshahi and Rangpur divisions taking over the power distribution activities from the Power Development Board.

Placing the proposal at the public hearing arranged by the BERC, Md Zakiul Islam, Managing Director of the NESCO, said they need to raise the tariff to cover its loss because of enhanced staff salary and some development works.

The BERC technical committee, which evaluated the tariff hike proposal, said the company may raise its tariff maximum by Tk 0.89 per unit.

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