The Public Utilities Commission (PUC) has issued its final decision on Belize Electricity Limited’s (BEL) 2025 Annual Review Proceedings, which covers the tariff period from July 1, 2025, to June 30, 2026.
Following a thorough review of BEL’s proposal, the PUC has decided to keep electricity rates, tariffs, and regulated values unchanged. BEL says this aims to balance affordability for consumers with the financial sustainability of BEL, in line with the Electricity Act and related regulations.
As part of its ruling, the PUC has directed BEL to take two specific actions. BEL must submit a detailed report by June 30, 2025, outlining the formation of a new wholesale generation company, Synergy Power Belize Limited, including the proposed rates it plans to charge. The company is also required to present a comprehensive proposal for a new cost-reflective tariff structure, supported by relevant data and analysis.