fbpx
The Cause of Poverty in Belize
May 6, 2014
Coye family assets remain locked down by court order
May 6, 2014

Electricity rates to go down

Public Utilities Commission

Posted: Tuesday, May 6, 2014. 6:16 pm CST.

Public Utilities Commission

Public Utilities Commission

Tuesday, May 6, 2014. AARON HUMES Reporting: The Public Utilities Commission (PUC) has released its initial decision on the Annual Review Proceeding (ARP) for Belize Electricity Limited (BEL).

If there are no objections before May 12, on July 1 the utility regulator will reduce the mean electricity rate to 43.47 cents per kilowatt-hour from 44.65 cents, a reduction of just over 2.6%.

After a whopping 16% increase last January due to higher power costs for the state-run provider, there have been successive decreases due to improved services from the trio of dams in the Cayo District which between July of last year and February of this year powered 64% of the country’s electricity consumption, compared to 25.7% for Mexico.

The Mexican share of electricity was cut in half from 56% over the previous 12 months.

The PUC is tasked with stabilizing the rate so that there are no wild swings in revenue for BEL.

While consumers are enjoying lower rates due to rebates from higher revenues for the company, the electricity rate could have been as low as 43 cents even, but the company and the regulator use differing methods of calculations and the latter’s is what counts.

As per usual comments on the decision can be left at the PUC office on Gabourel Lane or on their website.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-601-0315.

 

© 2014, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Shindaiwa
  • Belmopan Aggregates