Belize - Belize News - - Great Belize Productions - Belize Breaking News
Home » Economy, Miscellaneous, People & Places » B.E.L Proposes to Maintain Mean Electricity Rate for 2019-2020
Apr 5, 2019

B.E.L Proposes to Maintain Mean Electricity Rate for 2019-2020

The Belize Electricity Limited has asked the Public Utilities Commission to maintain the mean electricity rate of forty-one cents per kilowatt-hour from July of this year through to June of next year. After an increase in January, it was expected that another increase would have followed in June, but according to B.E.L., the current rates will remain. B.E.L. says it experienced an eighteen point five million-dollar dip in required revenue between July 2017 and July 2018 because sales were not met and cost of power was higher than projected.  A release from the utility company states, “the Company is proposing to recover this shortfall over the next three annual tariff periods instead of over a shorter period of time in order to soften the impact on customer bills.” B.E.L. says preliminary figures show that the cost of power to the current tariff period will be twenty-two million dollars higher than was projected. They say this is because of expected low production from local hydro plants which resulted from drought, as well as unstable rates from Mexico’s Federal Electricity Commission.

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

You must be logged in to post a comment Login