Two weeks ago, in the December 14 edition of the Amandala, we reported that Belize Electricity Limited (BEL) had requested from the Public Utilities Commission (PUC) an increase in electricity rates from $0.3862 per kilowatt hour to $0.4150 per kilowatt hour.
On December 27, the PUC held a press conference at which they said that they had approved BEL’s request, but not for the initial $0.4150. Rather, the PUC has approved a 6.87% increase, which would take electricity rates to about $0.42 per kilowatt hour.
PUC’s chairman, John Avery, explained why the PUC approved the increases, attributing it to Mexico’s own electricity rate increase. “We came up with a rate of about 42 cents, which is, of course, half cent higher than BEL requested. However, as I pointed out, there were some errors in BEL’s submissions. This excess cost of power basically can mostly be attributed to higher prices from Mexico,” Avery said.