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Jan 15, 2013

But not so good for consumers; 17% increase in the cost of electricity

 

Leroy Almendarez

So government maintains its tariff for street lights and will continue to pay fifty-five cents per kilowatt hour and not the sixty-four cents that was presented in the first draft. That nine cents as pointed out by Almendarez will be redistributed. So who will bear the shortfall? All other consumers, Dr. Almendarez explains.

 

Dr. Leroy Almendarez, Director, Tariffs & Administration, P.U.C.

“If you take a look at the schedule under the final draft and the schedule under the amendment, you can see the difference. Frist of all, if you notice, for social tariff consumers, the band is still zero to sixty kilowatt hours. So as long as you consume within that band, you are considered a social tariff consumer. That was increased from twenty-eight cents to twenty-nine cents—that’s one change. If you got to residential, you will notice that the zero to fifty under residential was increased from thirty-eight to thirty-nine cents. Fifty-one to two hundred, it was increased from forty-eight cents to forty-nine cents.  And greater than two hundred under residential was increased from fifty-one cents to fifty two cents. The other thing that you will notice that was not included in the schedule under the final draft was that you only had commercial. This commercial one, commercial two reflects a part of those comments that came from B.E.L. And so you find out now that you have commercial one and again look at the bands; pretty similar to residential. If you look at the bands now, the bands is zero to fifty at thirty-nine. Fifty-one to two hundred at forty-nine; greater than two hundred is fifty-two. And then you also have commercial two. Notice that those changes in commercial two which over there in the final draft was commercial if forty-nine to fifty; forty-eight to forty nine and forty-seven; that remains the same. In terms of other material changes, if you notice under industrial one, it doesn’t change and industrial two there is no change. The major difference here is the change from in terms of the cost, the tariff of street lighting; it went back instead of sixty-four cents it’s now back at fifty-five cents. So in essence, the final amendment to the decision; this becomes now the final decision; it becomes effective January first. Unless you are saying well listen then subsidize those variances. It is simply a case where this company, if it continues to operate this way, this variance will increase. And if you don’t take it now, there is an ARP coming in April; we will still have to revisit these. We still have to look at how the dynamics will change with respect to power generation and power supplies from these IPPs and where they purchase power from.”

 

In case you’re still not sure what this means, let’s recap. The P.U.C. has decided that the sixteen point eight seven percent increase in the cost of electricity stands. Government, which owns B.E.L. and the P.U.C., has basically given itself a gift by declaring that it is exempt from the increase when it comes to streetlights. Consumers aren’t so lucky as we will still have the pay.

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3 Responses for “But not so good for consumers; 17% increase in the cost of electricity”

  1. skettelkim says:

    lol. rates gwine up belize in prablem. people will have to skettel bout to pay the bills and turn tricks. but no say me say so. and if da no so, da nearly so.

  2. Earl Grey says:

    Why TAX the PEOPLE when the government has ALL THE MONEY??????????

  3. Manuel says:

    What an Idiot? but wait, or are we the Idiots here?

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