BEL requests 11% electricity rate hike

vlcsnap-0385-05-16-23h54m26s824An Unannounced electrical blackout caught much of Belmopan residents offguard today. Interestingly, it was a scheduled blackout by Belize electricity Limited to do maintenance in the Mountainview area of the city. It seems, somehow that only very few residents were aware, and only for the Blackout that lasted from 5am to 7 am this morning. Neither PlusTV or Open learning TV, media houses that originate in vlcsnap-4154-03-13-22h20m21s851Belmopan were informed of this extensive scheduled blackout, and so were unable to warn residents to make adequate preparation! What was worse is that, for businesses and homes off the southern part of the ring road, electricity did not return until around 2pm this afternoon.  In other news relating to Electricity, BEL, the national supplier of electricity, is asking the Public Utilities Commission for an 11 percent increase in Electricity rates to belizeans. In a press release late today as the weekend commences, the company states that  On Thursday, December 10, 2015, Belize Electricity Limited (BEL) made a submission to the Public Utilities Commission (PUC), requesting an amendment to electricity rates to reflect the actual cost of power for the 2012 – 2016 Full Tariff Review Period (FTRP). Its say, and we quote,

“BEL’s submission is based on an underestimation of the Cost of Power (COP) impact of BEL’s Gas Turbine and an overestimation of the COP impact, primarily due to lower rates from Comisión Federal de Electricidad (CFE).”   vlcsnap-9225-05-02-00h39m24s051

In order to recover these variances BEL is requesting an 11% increase in the Mean Electricity Rate (MER) from $0.35 per kWh to $0.3885 per kWh.

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