Corozal House Of Culture Hosts Annual Ancient Week

The annual Ancient World symposium held at the Corozal House of Culture has featured special present...

PUP Leader Says Barrow Administration Must Answer For Sanctuary Bay Scandal

Last week Prime Minister Dean Barrow made active attempts to keep the full extent of the Sanctuary B...

PUP Says Sanctuary Bay Scam Is Too Huge To Ignore

Today more documents in relation to the scheme which the U.S. says defrauded Americans of over $100 ...

Major Bank Considering Exiting Belie, Says Briceno

One of serious revelations by the Opposition leader in today’s press conference is that the financia...

New Facebook Aging App Can Cause Security Breaches

If you have recently been on social media, chances are you might have come across the newest viral t...

  • Corozal House Of Culture Hosts Annual Ancient Week

    Wednesday, 17 July 2019 02:46
  • PUP Leader Says Barrow Administration Must Answer For Sanctuary Bay Scandal

    Friday, 19 July 2019 02:20
  • PUP Says Sanctuary Bay Scam Is Too Huge To Ignore

    Friday, 19 July 2019 02:25
  • Major Bank Considering Exiting Belie, Says Briceno

    Friday, 19 July 2019 02:35
  • New Facebook Aging App Can Cause Security Breaches

    Friday, 19 July 2019 02:37

belize-electricityOn Monday the Belize Electricity Limited (BEL) made a submission to the Public Utilities Commission in which the Company requested an amendment to electricity rates to reflect the savings it has realized in the cost of power it purchases from Independent Power Producers (IPP). 

 

This proposed amendment is aimed at passing on these savings to customers.  If approved by the PUC, the amendment is expected to result in a 3.4% reduction in the Mean Electricity Rate (MER) from 43.47 cents per KWh to 42 cents per kWh for the period January 2015 to June 2015. The savings achieved are primarily due to lower than expected cost of power from Mexico’s Comisión Federal de Electricidad (CFE) during the current tariff period, which has made it possible for the Company to provide electricity to customers at a reduced rate.

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