Energy Regulatory Commission Act, 2003 (Act No. 13 of 2003). Country/Territory Bangladesh Document type Legislation Date 2003 (2005) Source FAO, FAOLEX Long titleAn Act to make provisions for the establishment of an independent and impartial regulatory commission for the energy sector. Subject Energy Keyword Energy conservation/energy production Institution Policy/planning Transport/storage Authorization/permit Offences/penalties Geographical area Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, South Asian Seas, Southern Asia Abstract The Act consists of 14 Chapters divided into 66 sections. This Act provides for the establishment of the Bangladesh Energy Regulatory Commission to encourage private investment in the generation of electricity, and transmission, transportation and marketing of gas resources and petroleum products, etc. (Chapter 2). Chapters 3 and 4 deal with financial matters of the Commission, and with its functions, powers and proceedings. The Government shall have the power to give policy directives for the development and overall planning in the energy sector (Chapter 5). Licences shall be issued by the Commission for the following activities: power generation; energy transmission; distribution and marketing of energy; supply of energy; and, storage of energy (Chapter 6). Tariffs on power generation and on supply of energy shall be determined by the Commission in consultation with the Government (Chapter 7). The remaining Chapters deal with the following: flow of information; settlements and appeals; offences and penalties; and, provisions of miscellaneous nature. Full text English References - Legislation Amended by Bangladesh Energy Regulatory Commission (Amendment) Act, 2023 (No. 06 of 2023). Legislation | Bangladesh | 2023 Keyword: Energy conservation/energy production, Royalties/fees, Subsidy/incentive Source: FAO, FAOLEX