Power Division To Hike Electricity Price By 7%

The price of electricity is increasing again after a year. Nasrul Hamid, State Minister of Power, Energy and Mineral Resources, said that the price would increase at an average rate of 7 percent from March 1. The power division will issue an advertisement on this matter soon, he said. 

"We are not raising prices, we are coordinating. We want to coordinate. I have been saying repeatedly that we are not raising prices. We are coordinating," he said.

The state minister said the price of electricity would be coordinated at the wholesale level as well. However, the price will be increased so that it does not have much impact on consumers.

Nasrul Hamid said that the price of electricity would be determined at three levels depending on the amount of usage. If you use less than 200 units per month, the price will increase by 30 paise per unit. Those who use more than 600 units per month will have to pay 70 to 80 paise more per unit.

The price of electricity at the consumer level has increased by 5 percent from January to March last year. The state minister said that the price of electricity would be coordinated in this way for the next 3 years to relieve the pressure of inflation.