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Dec 2, 2011

Will electricity rates go down?

Leroy Almendarez

Will electricity rates go down just before next year’s municipal elections? Today the P.U.C. confirmed that on Thursday, the Belize Electricity Limited (B.E.L.) applied for a Full Tariff Review Proceeding to lower electricity rates for the period of July first, 2012 to June thirtieth, 2016 by three point four percent.  B.E.L. will also be investing close to a hundred and twenty million dollars for the provision of services, the expansion of its distribution network and the upgrading of its power system.  The P.U.C. was locked in legal battles with B.E.L. under the previous owner, Fortis but after it was taken over by the government, the prime minister announced in October that light bills would go down. According to the PUC’s Director of Administration and Rate Settings, a decision on the rate reduction will be delivered by mid-January, 2012.

Leroy Almendarez, Dir. of Administration & Rate Settings, P.U.C.

“B.E.L. has proposed adjustments to their approved rates and tariffs that would result in an overall average decrease of three point four percent in order for the company to generate adequate revenues to support its operation and its proposed investments.  Now for the process: because it’s an F.T.R.P. and as mentioned by Ms. Cain we do want the involvement of the public the process is laid out this way.  On the twenty-first of December of this year the P.U.C. will be holding a public hearing at the Princess Hotel at seven p.m. at which the licensee and interested parties shall participate.  Interested parties may submit written comments and information on the licensee’s submission by Tuesday, January third, 2012.  The P.U.C. will deliver its initial decision no later than January sixteenth, 2012.”

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2 Responses for “Will electricity rates go down?”

  1. murphy says:

    jah politics again if prices go down people will have to pay more taxes some way or the other! UDP has to go no matter what!!!!

  2. mustard says:

    will the quality of electricty get better in Placencia? lol probably not.

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