Page 35 - CARILEC Electricity Tariff - December 2014

Fuel Price
Hedging Fuel Supply Logistics And Fuel Alternatives
Name of Utility Impacts Of Fuel Price Volatility
Initiative(s) Challenges And Prospects
Adopted
the fuel volatility. PV, which will make
60% of the generated
power independent of
the fuel volatility.
Through contract, fuel is received
The greatest impact relates to the
monthly in Bulk storage near
opportunity energy purchased from LNG, Propane
BEC CFE (Mexico). No Berth. Fuel is then distributed by
pipeline to a second plant.
Additionally, fuel is distributed

by barge to smaller islands.
RFP issued, responses
Fuel is trucked to the port and
include Gen
loaded onto barge. Sea voyage to
Technology:
Caye Caulker. The fuel is
BEL NS No Hydro, Bio‐Mass,
pumped from the dock in Caye
Solar, Wind, Bio‐gas,
Caulker to the tanks on the power
Waste to Energy,
station compound.
Thermal, Coal, etc.
1. Separate supply contracts for
HFO and No. 2 diesel oil.
2. HFO consumption rate, on-
island storage capacity,
reserve quantity and
maximum tanker size result
in a tanker every two months
of approximately 150,000
No direct impacts:- fuel adjustment barrels. Yes. LNG possibly
enables utility to cover fuel prices Yes. within the next 3-5
BELCO
above a fixed based rate. 3. No. 2 diesel consumption years.
profile, on-island storage
capacity and reserve
quantities result in approx.
four shipments per year.

4. Single ocean berth subject to
weather delays (winter
storms/hurricanes).

5. Separate supply contracts for
HFO and No. 2 diesel oil.

6. HFO consumption rate, on-
island storage capacity,
reserve quantity and

- No maximum tanker size result -
BELCO
in a tanker every two months
of approximately 150,000
barrels.

7. No. 2 diesel consumption
profile, on-island storage

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