On the basis of the Bangladesh Energy Regulatory Commission (BERC) Act, 2003 the Commission was established in April 2004. The Commission’s objectives are as follow:
- Promote competition in the energy sector;
- Promote transparency in management, operation, operation and tariff setting;
- Protect consumer’s interests;
- Create an environment attracting and suitable for private investments in the energy sector of Bangladesh;
BERC determinates wholesale and retail prices for electricity, gas and petroleum. BERC is responsible for granting licenses, implement codes and standards that ensure quality of services in the energy sector. Also, BERC collects, maintains and publishes statistical data on energy sector.