Dhaka, May 20 -- The Bangladesh Power Development Board (BPDB) has proposed raising wholesale electricity tariffs by Tk 1.20 to Tk 1.50 per unit, a move that implies a 17 percent to 21 percent hike over existing rates.

The proposal was formally placed on Wednesday during a public hearing organised by the Bangladesh Energy Regulatory Commission (BERC) at the Krishibid Institution Bangladesh (KIB) auditorium in the capital.

Bangladesh's energy import dependence jumps to 62.5%, power costs rise 83%: IEEFA

The initiative triggered fierce opposition from an array of stakeholders, including political figures, business leaders, and consumer rights organisations, who warned that the hike will severely impact an already struggling economy.

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