How dynamic is 'dynamic energy pricing'?
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Dhaka, Nov. 30 -- With the approval of amendment to the BERC (Bangladesh Energy Regulatory Commission) Act 2003 by the cabinet, the government has assumed the right to adjust power and gas prices without a public hearing. The purpose of the move is to introduce what has been termed a 'dynamic energy pricing' system. On paper, the argument looks strong enough when the delay in taking effect of a price adjustment following the BERC's process is often atrociously long. According to the state minister for power, energy and mineral resources, a proposal sent to the BERC for price hike took one and a half years for adjustment. But by the time it did so, it proved irrelevant. Dynamic pricing will avoid such lengthy procedures, let alone a public...
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