Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, Featured » Electricity rates to be lowered
Jan 12, 2012

Electricity rates to be lowered

The prime minister has announced a number of incentives just before the March seventh municipal elections and general elections to follow. Just before news time, the Public Utility Commission (P.U.C.) released its Initial Decision on a reduction of electricity rates. And from the looks of it, it may not hurt your pocket if you turn on more lights and leave on some electrical appliances a bit longer. The final decision will be taken by January twenty-seventh, but the proposal is to cut down electricity rates by six point fourteen percent. According to the P.U.C. release “If this initial decision meets no objections from the licensee and/or interested parties representing users of at least ten percent of electricity supply by January twenty seventh, 2012, it will be adopted as the final decision.” If all goes according to this review, the rates would become effective on February first. The rate reduction schedule shows that the bracket for the social rate would change from fifty to sixty kilowatt and cost would be reduced from twenty-six to twenty-four cents per kilowatt hour. For residential customers, who consume zero to fifty kilowatt hours, the rate decreases from thirty-five cents to thirty three cents. For residential customers who consume from fifty-one to two hundred kilowatt hours, the rate reduces from forty-four cents to forty-one cents. For residential customers who consume greater than two hundred kilowatt hours, the rate decreases from forty-seven cents to forty-four cents. The minimum charge for residential customers has also reduced from forty three cents to forty cents. Commercial customers who consume up to ten thousand kilowatt hours experience a three cent reduction to forty two cents. In this same class customers who consume from ten thousand and one to twenty thousand kilowatt hours will receive a three cent reduction to forty one cents per kilowatt hour. And those commercial customers who utilize more than twenty thousand kilowatt hours receive a three cent reduction to forty cents per kilowatt hour. The entire schedule eight with industrial and street light ratings can be downloaded at channel5belize.com

Be Sociable, Share!


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

7 Responses for “Electricity rates to be lowered”

  1. truth says:

    This is just ONE more reason why you should not have a Government that knows his people”s need only when election time is close .

    The problem isn’t that the electricity or any high rate doesn’t get lowered, IT IS FOR HOW LONG WILL IT BE LOW AND BY HOW MUCH WILL U INCREASE IT , there after….

    That is the PROBLEM… PLS.. Belize Wake up and stand your grounds. …

  2. Mosh says:

    For how long will these rates be sustain, let’s not be fooled by this administaration it might be few months and thereafter rates will skyrocket again, remeber the fuel reduction just after being in office lasted no more than 3 months and then went record high after that. Let’s be wise and use our rights on election day and demand the best. Long live Belize.

  3. No Fool says:

    Barrow really d tek we mek fool. BEL mi d offer 15% before government thief BEL.

    Like weh ACB seh:”Tek d $ and vote dem out.” I weh tek the rate reduction and still vote dem out. Afta, I noh fool.

  4. Be Real says:

    @ No Fool

    BEL wanted to increase the rate b4 GoB took it. Remember the ever contradictory Mr. Lynn Young who was saying that BEL needs to raise their rate so that Mexico does not cut them off. Mr. Lynn Young then said that BEL did not have enough cash to pay Mexico. After GoB took over BEL , Mr lYNN yOUNG SAID THAT BEL HAD ENOUGH MONEY AND THAT IT WAS NOT FACING OUTAGES FROM MEXICO……Now I used to think that politicians in Belizeans are some of the worst liars but Mr Young seems to be match for the politicos.

    P.S. any rate decrease is better than nothing even if deh seh $.000000001 decrease dat still mean I wa pay less

  5. laughinghyena says:

    @ Be Real,

    Dont be so gullible. of course GOB could lower rates for a few months (like…til afta elections!) and just suck it up with YOUR tax dollars. just like they magically manufactured a profit for BTL by lowering the taxes. HA! and how will YOU know if the company is skimping on investment and maintenance? when blackouts start…..AFTA elections! Also, i remember jeffry lock saying government DID continue pay mexico for BEL for a few months after taking it. Finally, everybody want lower rates me included, but i prefer no black out! GOVERNMENT NEEDS TO STAY OUT OF BUSINESS. they can’t even run the things they are supposed to run!

  6. laughinghyena says:

    we belizeans need fi really “get real”! we could “lower” electricity rates and use BTL profits to give 40 grand to each standard bearer…..and we not even paid for the damn companies! also maybe bel shoulda pay becol and belcogen the millions they owe before they start to lower rates. and when oil prices go up, will cfe continue to subsidize us…..yeah right! DON’T BE GULLIBLE BELIZEANS!! we will end up with the tab one way or another.

  7. Concerned says:

    At the time when lynn young requested a rate increase the prices of oil soared, now it has receded. Just like the gas at the pumps, the price you pay for electricity depends on how much mexico sell it to us. THe rates is a pass through to customers. So when the oil prices go up, gas at the pumps and electricity will soar again. In terms of electricity rates going down and staying down, it was the PUP that fought for foreing investments to stabilize the industry, imagine what we would be paying if we did not have BECOL, not even John Avery or Dean Barrow could counter this. IT is a FACT!

Leave a Reply

CAPTCHA Image
*