Belize’s energy consumers will face increased electricity bills starting January 2026 following the Public Utilities Commission’s (PUC) authorization of a partial rate adjustment for Belize Electricity Limited (BEL). While accepting the implementation of the approved increase, the national utility provider has raised concerns about the long-term financial viability of the nation’s power infrastructure under the current parameters.
The regulatory body has sanctioned a gradual rate elevation of $0.0337 per kilowatt-hour spread across a 30-month timeframe. This decision falls substantially short of BEL’s original petition for a $0.0549 increment over a condensed 24-month period. The discrepancy creates an $18.8 million financial gap that the company asserts represents essential investments made to ensure grid reliability during periods of critical supply constraints.
Financial documentation submitted to regulators reveals BEL’s substantial fiscal challenges, including $52.5 million in outstanding obligations to independent power producers, $92 million in domestic debt, and $82 million in scheduled debt service payments due before 2027. Additionally, the utility has expended over $80 million on emergency power generation infrastructure, including gas turbines deployed to prevent widespread blackouts.
Notable among these emergency measures is the San Pedro Gas Turbine project, which incurred costs of $56.1 million and experienced significant implementation delays. Company officials defended these expenditures as necessary preventive measures, stating that without these investments, Belize would have suffered daily two-hour service interruptions.
Concurrently, BEL acknowledged strategic shortcomings in renewable energy development. Delays in planned solar initiatives have resulted in an estimated $53.6 million in forgone consumer savings through 2025. The company noted that timely completion of these projects would have simultaneously boosted profitability and reduced outstanding debt levels.