7 News Belize

BEL Says OK To PUC Rate Cut
posted (May 11, 2015)
BEL asked for a 10% rate cut in your light bill - the Public Utilities Commission pushed it higher, to 15%. Tonight the news is that BEL has said, go right ahead. The power company responded to the PUC saying it has no objections to the proposed 15% rate cut.

But, in a press release today, the power company did have a cautionary statement. It says the PUC rate might not be sustainable and the way the PUC worked its calculations, may result in an increase in rates at the next FTRP commencing July 2016.

BEL looks forward to continuing the open dialogue with the PUC as it prepares to make its Final Decision regarding BEL's 2015/16 ARP submission and prepare for the 2016 FTRP.

BEL thanks customers for their support and renewed confidence in the decisions that the Company has made over the past four years to turn around the performance of this essential service. Consistent with our Mission, BEL reassures customers that the Company will continue to work towards improving its efficiency in order to maintain the lowest sustainable rates.

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