Who is Belize Natural Energy?

Belize Natural Energy is a pioneer energy company in Belize, Central America. We produce and deliver leading energy solutions, positively impacting people and creating opportunities. Our innovative, driven and proven team is our greatest resource, conducting business in a socially and environmentally responsible manner.

Who owns Belize Electricity Limited (BEL)?

95% by 2030 Belize Electricity Limited (BEL) distributes electricity throughout the country. It is owned by the government of Belize (70.2%), the Social Security Board (26.9%), and approximately 1,500 shareholders (2.9%) and is regulated by the Public Utilities Commission (PUC).

How many kilowatts can a private company generate in Belize?

Private entities are allowed to generate up to 75 kilowatts of power, after which licensing requirements apply. Almost half the energy in Belize comes from hydroelectric power and biomass.

How much does electricity cost in Belize?

Belize’s utility rates are approximately $0.22 per kilowatt-hour (kWh), lower than the Caribbean regional average of $0.33/kWh because of existing renewable energy projects, but still high compared with U.S. mainland rates.

Why is Belize included in this energy Snapshot series?

Although not an island nation, Belize is included in this energy snapshot series because of the small diesel systems used to power its islands and the fact that it is a member of the Caribbean Community (CARICOM), an alliance of 15 Caribbean nations in the region.

Does Belize have a electricity monopoly?

Created by the Electricity Act of 2000, BEL functions as a legal monopoly—it was granted a 15-year license to gener-ate, transmit, distribute, and supply electricity in Belize with an automatic 10-year recurring license beginning in 2015. Private entities are allowed to generate up to 75 kilowatts of power, after which licensing requirements apply.