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2.2 Sub-Sector Analysis 2.2.1 Electricity Sub-Sector BEL operates the only electricity utility in Belize.1 It is the primary distributor of electricity to more than 76,000 customers. BEL is a private corporation owned by Fortis Incorporated of Canada (67%), the Social Security Board (25%) and a small group of shareholders (8%). Current licensing agreements extend to 2015, and BEL has the right of first refusal on any subsequent license grant. Belize’s peak demand of about 76 megawatts (MW) is met from multiple sources of energy. These sources include electricity purchases from Belize Electric Company Ltd. (BECOL), which operates the Chalillo and Mollejon Hydroelectric Facilities in Western Belize; Hydro Maya Limited and Belize Aquaculture Limited, both located in Southern Belize; Comisión Federal de Electricidad (CFE), the Mexican state-owned electricity company; Belize Cogeneration Energy Limited (BELCOGEN); and BEL's gas turbine unit and diesel fired generators. All major load centers are connected to the country’s national electricity system, which in turn is connected to the Mexican electricity grid. Cogeneration represents only a very small fraction of electricity generation. In 2009, estimated net electricity generation amounted to 200,000MWh. The residential, industry and construction sectors are the largest electricity consumers. Technical losses in generation and distribution are estimated at 11% to 13%. Although an historical analysis of peak demand and losses denotes an improvement in these rates over the last 10 years, there is still a need to reduce technical losses to 7%. On the other hand, peak demand analysis shows the need to heighten consumer awareness with regard to energy efficiency. Figure 3 describes the trends in peak demand and losses over the last 10 years. 100 80 60 40 20 15% 10% 5% Historical Losses and Peak Demand in Belize 0 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Peak Demand (MW) Losses Figure 3 – Historical losses and peak demand in Belize 1 Information about BEL is available at http://www.bel.com.bz/. 6 MW Losses (%)PDF Image | ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE
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