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#499681 - 01/08/15 04:00 AM Electricity rates
Marty Offline

Your Electricity Rate Went Down

You probably haven’t noticed yet, but on January 2nd, your electricity rate went down. The PUC approved a 5% rate cut, bringing the average rate to 41.29 cents per kilowatt hour, down from 43.47 cents. Today the PUC’s Director of Electricity told us what the rate cut means to you, and how the lower cost of power generation allowed it to happen:..

Derek Davis - Director of Electricity, PUC

"A 5% reduction enters and the average and therefore each classification approximately 5% reduction."

Jules Vasquez

"Okay, so then my light bill in December was 100 and assuming that I have the same exact usage, my light bill in January”

Derek Davis

"95 dollars.”

Derek Davis

"End of the day we can offer this 5% reduction due to, like I said generation cost is reduced. Next adjustment will be July 1, 2015 and we are seeing another reduction."

Jules Vasquez

"And that is based on?”

Derek Davis

"The reduction of generation cost again. The Mexican CFE is forecasting they will have available more gas and then there is the lower oil prices that we can look forward to. So with that, we think there will be some reduction again."

Jules Vasquez

"Might we someday see average rates lower than 40 cents per kilowatt hour?”

Derek Davis

"With what is happening with the generation cost, oil and with the new projects we are looking to implement which is more hydro, I think it will easily be below 40 cents Belize.”

The rate will remain in effect until June 30th, 2015. The 5% cut is more than the 3.4% BEL had proposed but the government controlled power company did not object to the PUC’s revision.

Channel 7

#513862 - 05/21/16 06:06 AM Re: Electricity rates [Re: Marty]
Marty Offline
Your electric bill will go up

Belize Electricity Limited said this week that it accepts the recommendation by the independent expert who reviewed its proposal for an increase in the Mean Electricity Rate (MER).

BEL said on Thursday that from the onset it had approved the consultant chosen by the Public Utilities Commission (PUC), and that the company was convinced that the expert had followed the PUCís established guidelines on review.

The expert recommended an increase of 38 cents a kilowatt hour for the period July 2016 to June 2020. The recommended figure falls below BELís requested 39 cents but above the 36 cents recommended by the PUC.

The PUC explained that with the release of the expertís recommendations, it will now consider the report before making its final decision. While BEL says that it hopes the PUC will adopt the recommendations, the PUC reminded that it is not obligated to follow those recommendations.

#513873 - 05/21/16 08:43 AM Re: Electricity rates [Re: Marty]
Judyann H. Offline
Living in Belize is an earned blessing with lots of benefits....However, electricity is not one of them.....Our power bills are more than twice of what they were in California, even 10 years ago.... We seldom turn the AC under 80 degrees and I am a bit of an electricity Nazi around the house..... Shutting each light, keeping the power off on electronics and using ambient light & Caribbean breezes whenever possible. Therefore, when budgeting for the 'big move' you might want to keep the power bill in mind. smile
My friends call me Judyann


#513918 - 05/24/16 05:57 AM Re: Electricity rates [Re: Marty]
Diane Campbell Offline
ouch. that increase is insane.

#514180 - 06/03/16 06:56 PM Re: Electricity rates [Re: Marty]
FrostyMug Offline
Big turn off. High electric bills has to turn many people off on the idea of moving to Belize!!!

#514182 - 06/04/16 04:40 AM Re: Electricity rates [Re: FrostyMug]
ron Offline
install solar panels keeps cost down

#514201 - 06/04/16 03:27 PM Re: Electricity rates [Re: Marty]
Diane Campbell Offline
Oops just re-read the post .....it is not an increase OF 38',cents ..... It was increases TO 38 cents. Big, big difference......


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