Year in Review 2024
Suggestions to reduce fuel cost
CPD researchers suggested the Artificial Neural Network (ANN)-based model to lower fuel prices in Bangladesh by BDT 10-15 per litre. The researchers pointed out that the model can provide better predictions for future fuel pricing adjustments. They also suggested four strategies to reduce electricity subsidies.
Power and Energy
Market-based model could reduce fuel prices by BDT 10-15 per litre
A market-based pricing mechanism that includes an Artificial Neural Network (ANN)-based model has been recommended by the Centre for Policy Dialogue (CPD) to lower fuel prices in Bangladesh by BDT 10-15 per litre.
Government needs to revise the energy pricing formula
In March 2024, Bangladesh adopted a market-based pricing system for various fuel oils, including diesel, petrol, octane, kerosene, and jet fuel.
CPD Calls for Leveraging Power Plant Cancellations and Managing Currency Risks...
There are impressive statistics when it comes to the generation of renewable energy in Bangladesh, with approximately 1,374 MWp generated through solar source on the back of private investment.
The interim government should take immediate action to reform the power...
The new interim government of Bangladesh faces an urgent need to reform Bangladesh's power and energy sector. These reforms must address a broad range of areas, including policies, laws, and government bodies, as well as essential operational reforms.
Proposed budget for FY2025 failed to comply with energy sustainability and...
Power and Energy Sector in the National Budget FY2025: Challenges and Proposed Measures
CPD recommends four strategies to reduce electricity subsidies
The Ministry of Power Energy and Mineral Resources (MoPEMR) has recently raised the electricity tariff. This upward adjustment of electricity tariff has been done as part of rationalising subsidy in the power sector.
Government must prioritise the energy transition goal by accelerating renewable energy...
The Government must prioritise the energy transition goal by accelerating renewable energy initiatives in the coming years. These challenges include...
