BEL faces nearly $30 million in unrecovered power costs as government intervenes to prevent steeper electricity rate hikes
Belize Electricity Limited has nearly $30 million in power costs that were not passed to consumers. Executive Chairman Lynn Young shared this information during a virtual meeting on Wednesday. The Government of Belize has provided financial assistance to manage these costs. This intervention was intended to prevent larger increases in electricity rates for the public.
By Breaking Belize News Staff: Belize Electricity Limited (BEL) has accumulated nearly $30 million in additional electricity costs that have not been passed on to consumers, according to Executive Chairman Lynn Young, who says the Government of Belize has been providing financial assistance to prevent even larger increases in electricity rates. Speaking during Wednesday’s virtual […] The post BEL faces nearly $30 million in unrecovered power costs as government intervenes to prevent steeper electricity rate hikes appeared first on Belize News and Opinion on www.breakingbelizenews.com .