PUC Reviews BEL’s Tariff Proposal Amidst Balance Recovery Concerns

PUC Reviews BEL’s Tariff Proposal Amidst Balance Recovery Concerns

In other news from the Public Utilities Commission (PUC), the commission is currently reviewing Belize Electricity Limited’s 2024-2028 Full Tariff Review Proceeding Application. The company applied for the PUC’s review of the document for September 2024 to June 2028, which contained four major proposals. The company has requested for rates to remain the same throughout the coming years and says its proposal addresses the recovery of balances from previous periods arising from differences between the actual costs incurred and revenues collected. PUC’s Director of Tariffs, Standards, and Compliance, Ernesto Gomez, explained that the process will take a couple of weeks to be completed.

Ernesto Gomez, Director of Tariff’s, Standards and Compliance PUC:  “BEL made a submission on the 22nd of March and the PUC has forty five days to go through it, analyze it and come up with an initial decision. I think that puts up to the 5th of May, 8th of May something like that so at that time the PUC will come up with an initial decision made by the commissioners and will then be put out for public consultations. So right now it’s the technicians going through the details spreadsheet by spreadsheet and looking at the numbers, looking at the forecast, looking at how BEL plans to dispatch, how they’re going to spend. So right now it is that moment where we’re going through all the mathematics and assumptions and what have you. So myself heading the operation don’t have any kind of indication on how it will go until we put everything together. The FTRP is on the website for the public to see because it’s a public information and in the FTRP BEL requests that the rate be kept the same even though they recognize that there are going to be some revenue requirements that will not be met but for the purpose of stability they’re requesting that the PUC keeps the rate the same. We cannot lean on any side of the decision, we have to go down to the numbers.”

The proposal also includes the introduction of new tariffs and prices for electric vehicle charging, distributed generation, and Tourism Customers.

Related post

Atlantic Basin Braces for Above-Normal Hurricane Season, NOAA Predicts 17-25 Storms

Atlantic Basin Braces for Above-Normal Hurricane Season, NOAA Predicts…

The National Weather Service in the United States has sound the alarm to those in the Atlantic Basin to prepare for…
Toledo Communities Battling Wildfires, Area Representative Oscar Requena Provides Update

Toledo Communities Battling Wildfires, Area Representative Oscar Requena Provides…

As many can begin preparing for the upcoming hurricane season, residents in the south are battling with the wildfires that have…
Cayo District Reports Wildfires Amid Unusual Dry Season and Extreme Heat

Cayo District Reports Wildfires Amid Unusual Dry Season and…

Wildfires have also been reported in portions of the Cayo District.  The destruction, however, has been minimal compared to the situation…

Leave a Reply

Your email address will not be published. Required fields are marked *