By Belize Live News Staff: Belize Electricity Limited (BEL) is seeking regulatory approval for an average 5.55-cent increase in electricity tariffs starting January 2026, citing rising energy supply costs and the need to prepare for upcoming demand pressures. The application was filed this week with the Public Utilities Commission (PUC).
BEL reports that energy supply costs have climbed significantly over the past two years, leaving the company with unrecovered expenses totalling BZ$87.5 million. Additionally, the utility expects another BZ$20.9 million in increased supply expenses by June 2026 that current rates do not cover.
The company warns that demand is projected to rise sharply during the dry season, requiring more frequent use of gas turbines and other high-cost generation sources. Temporary generation units will also be deployed to maintain grid reliability as BEL works toward medium-term expansion projects that are not yet complete.
BEL adds that customers should expect higher import costs from CFE Mexico between April and July, when regional energy prices peak.
To soften the impact on Belizeans, BEL proposes spreading the rate adjustment over two years. The company says this will help maintain affordability while ensuring it has the funding required to keep the grid stable, reliable, and safe.
BEL reassures customers that even with the suggested increase, Belize will continue to enjoy some of the lowest electricity rates in the region. The PUC is now reviewing the request.
