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Public Utilities Commission confirms dip in electricity rate

The Public Utilities Commission has made its Final Decision in respect of the 2015 Annual Review Proceeding (ARP) for the Belize Electricity Limited.  The Belize Electricity Limited made a submission for an Annual Review Proceeding on April 1, 2015, in which it recommended a reduction in the Mean Electricity Rate from 41.29 cents to 37.0 cents per kilowatt-hour.  In its Initial Decision issued on April 30, 2015, the Commission approved a Mean Electricity Rate of 35 cents for the period of July 1, 2015, to June 30, 2016.  This represents an average decrease in Tariffs of some 15.24 percent for all customer classes.  After the initial decision, no objections were received and so the Initial Decision is adopted as the Final Decision.