Given our results, it is advisable that policymakers carefully assess the overall welfare effect of oil shocks and when appropriate take some measures to redistribute welfare from industrial sector to the household sector. This is left for future research. Additionally, it would be interesting to see how a equalize electricity tariff for all could affect the household welfare, electricity sector and overall economy in Bangladesh. Another avenue of future research would be to see the welfare effect of flexible electricity price and privation policy in Bangladesh.
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