G.O.B. to P.U.C.: Hold off on Electricity Increase Until After June 2019
76 views · Published 31 December 2018 · 2:17 · Indexed 27 October 2026
Channel: Greater Belize Media | GBM · 2018 · News & Politics
For the latest news across Belize, visit: http://edition.channel5belize.com/ In a letter written by C.E.O., Doctor Peter Allen earlier today, the ministry states, “that any potential losses to B.E.L. due to the variance between the Reference Cost of Power and the Actual Cost of Power for the period January to June 2019 should be evaluated at the subsequent Annual Review Proceeding.” For all intents and purposes, government is asking that the implementation of the new rates be staved off until that exercise is completed post June of next year. Chairman Avery explains why the cost of purchasing energy from Mexico has gone up and how B.E.L. has been absorbing that increase. He also says that the existing rates are lower than they were a decade ago.
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