CPD Suggests Four Strategies To Reduce Electricity Subsidy13 March, 2024:The Center for Policy Dialogue (CPD), a non-governmental research organisation, has chalked out four key strategies, with special emphasis on transparent pricing policies, for the government to adopt in order to mitigate the impact of escalating electricity expenses beyond 2029. Speaking at the briefing, CPD Research Director Dr Khondaker Golam Moazzem said, “The increase in capacity has outpaced the growth in electricity consumption significantly. According to their data, as the government increases electricity prices, the average household’s electricity-related expenses will increase by 9.50% each time. Explaining the additional power capacity, the CPD director said, “Heavy industry expansion has been minimal, while the expansion of the service sector hasn’t significantly spurred electricity demand. The organization thus recommended transferring the responsibility of overseeing the price increase process to BERC.
