Today the Belize Electricity Limited announced its submission for the 2014-2015 Annual Tariff Review Proceeding Application to the Public Utilities Commission for the period July 1st, 2014 to June 30th 2015.
A release issued by BEL states the application requests a reduction in the Mean Electricity Rate from 44.65 cents to 43 cents per kilowatt hour.
BEL’s proposed reduction takes into consideration the most recent forecast of cost of power and the opportunity to pass on savings to customers, by continuously seeking ways to lower the cost of electricity in Belize in the short term and long term. It is also in line with the Company’s Mission “to provide reliable electricity at the lowest sustainable cost, stimulate national development and improve the quality of life in Belize.”
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