Belize is grappling with escalating electricity prices and strained relations with Mexico, its primary energy supplier. Prime Minister John Briceño has openly acknowledged the challenges, stating, ‘We are in trouble right now with Mexico, as much as you might not want to accept it, we are in trouble.’ During peak demand periods, Mexico’s Comisión Federal de Electricidad (CFE) has reportedly increased electricity prices to US$1 per kilowatt, exacerbating the financial burden on Belizeans. Belize Electricity Limited (BEL) has expressed deep concern over these developments. To address this crisis, the Belizean government has signed a non-binding memorandum of understanding (MOU) with U.S.-based Energy Transfer. The agreement proposes generating 50 megawatts of power locally, aiming to reduce reliance on imported electricity and enhance long-term energy security. Prime Minister Briceño emphasized that this initiative would not only improve domestic energy reliability but also position Belize as a potential energy exporter to neighboring Central American countries. This project is part of a broader strategy to diversify Belize’s energy portfolio, which includes the recent acquisition of Fortis hydroelectric dams, currently supplying approximately one-third of the nation’s power. While still in its early stages, the initiative reflects Belize’s commitment to achieving energy independence and mitigating the impact of external market fluctuations.