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#509867 - 12/12/15 05:04 AM BEL Asks For 11% Increase in Electricity Rate
Marty Online   happy

In May of this year, we told you about the then newly reduced average light rate of 35 cents per kilowatt hour. It was the lowest in decades - and we should have known it couldn't last too long. Well, it may be over soon, because BEL is asking for an increase. The company is asking for the average rate to be increased from 35 cents to 38 cents per kilowatt hour - an increase of 11%. BEL says that this is to cope with what it calls the "actual cost of power for the 2012 - 2016 Full Tariff Review Period." BEL says the cost of power had been underestimated due to lower rates from CFE in Mexico.

The PUC has yet to respond and until it makes a formal decision, the average rate of 35 cents per kilowatt hour stands.

Channel 7

#510166 - 12/25/15 05:08 AM Re: BEL Asks For 11% Increase in Electricity Rate [Re: Marty]
Marty Online   happy

PUC Rejects BEL Request For Rate Increase

Two weeks ago we told you that BEL was applying for an increase in electricity rates - taking the average up from 35 cents per kilowatt hour, to 38 cents per kilowatt hour. The power company's position was that the cost of power from the GAS turbine was underestimated.

Well the PUC answered them today with the equivalent of a corporate slapdown.

The order made by the PUCS today says it, quote, "approves no adjustments to the Mean Electricity Rate and Tariffs previously approved for the period January 1, 2016, toJune 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;"

The PUC also approves no adjustments to any other values, rates, charges or fees and concludes, sternly, ordering "BEL to continue to levy the…previously approved Tariffs, Charges and Fees.

Now, we note this is just the final draft of an order, and BEL can appeal. Will it? There was no comment from the company today.

Channel 7


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