On Friday night we told you about the press release from Belize Electricity Limited weighing in on the proposed new light rates proposed by Public Utilities Commission. A release said, quote, "(BEL) is objecting to the proposed tariff basket, which would further erode BEL's operating margins." The release adds, "This would significantly impact the Company's ability to finance its operations and the quality of service delivered to customers."
Well today the company seemed to backpedal somewhat from that objection and dire prognostication. A senior manager told us that they just had to run the figures on the new rate structure - and everything should work out alright. Here's how he put it:...
Sean Fuller, Senior Manager BEL - Information and Communication Systems/Customer Care
"We will be able to operate efficiently throughout the year with these new rates in place. We are happy to know that consumers will be able to enjoy at least 4 cents per kilowatt hour reduction in their electricity bills."
The new rates take effect on January first, 2014.
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