Today, the Belize Electricity Limited submitted an application to the Public Utilities Commission (PUC) under the Annual Tariff Review Proceeding (ARP) for the period July 1, 2015 to June 30, 2016. In this application, BEL is requesting an average reduction of 10.4 percent in the Mean Electricity Rate from 41.29 cents to 37 cents per kilowatt hour (kWh). The release says that the proposed rate reduction is attributed to a significant reduction in the cost of purchasing power from Mexico’s Comisión Federal de Electricidad (CFE), following Mexico’s move to dispatch energy at a cheaper price, by utilizing hydroelectricity and moving to the use of cheaper, cleaner fuels such as natural gas and other renewable energy sources, compared to heavy fuel oil and diesel. The release ends stating that copies of BEL's submission are available for viewing at the office of the PUC located at 41 Gabourel Lane in Belize City.
|< Prev||Next >|