On Friday December 11th, 2015, the Belize Electricity Limited made a submission to the Public Utilities Commission, requesting that the Mean Electricity Rate be raised from $0.35 per KWh to $0.3885 per kWh in order to recover the variance in the Cost of Power by the end of the 2012-2016 Full Tariff Period. BEL claimed that the cost of Power had been underestimated due to lower rates from the Comision Federal de Electricidad (CFE) in Mexico.
News tonight is that PUC, however, has denied the request by making no approval of an increase. In a release issued by the commission it states and we quote “The Commission hereby approves no adjustments to the Mean Electricity Rate and Tariffs previously approved for the period January 1, 2016 to June 30, 2016 and hereby orders the Belize Electricity Limited (BEL) to levy the currently approved Tariffs in respect of the relevant services it is licensed to provide.” End quote.
The PUC stated that they also disapprove of any adjustments to any other values, rates, charges or fees and then concludes by making it clear to BEL that they need to continue levy the previously approved Tariffs, charges and fees.
BEL, however, has the opportunity to make an appeal to the PUC’s decision.
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