Bill No. 06 dated 22 January 2023 issued by Bangladesh Energy Regulatory Commission (“BERC”) on “Amendment of the Bangladesh Energy Regulatory Commission Act 2003”January 25, 2023
A parliamentary amendment of the Bangladesh Energy Regulatory Commission Act on the adjustment of gas and electricity tariffs has passed. As per the amendment, a new clause has been added that allows the government to adjust tariffs by notification or official gazette without a public hearing.
The amendment also shortened the time period for the BERC to make a decision on proposals submitted by licensees seeking adjustment of a tariff. Previously, the BERC had 90 days from receipt of a proposal to publish notification of its decision; that period has changed to 60 days.