Connect with us

Local News

IRC Preparing For A New Tariff Rate Review Of DOMLEC

The Independent Regulatory Commission is preparing to begin its Tariff Rate Review of the Dominica Electricity Services Ltd. (DOMLEC) as part of its goal to regulate the Dominica electricity industry under the Electricity Supply Act of 2006.

In 2010, the IRC established a tariff regime for DOMLEC, where a tariff review exercise is done every three years to guarantee DOMLEC is attaining its revenue requirements.

Financial Analyst of the IRC, Connie Joseph-Louis explained the tariff review process and its benefits.

Financial Analyst of the IRC, Connie Joseph-Louis

Meanwhile, Executive Director, Justin Kase has admitted it would be advantageous for DOMLEC to be bought over by government in the short term, however should be re transferred to a private entity in the long term for efficiency.

Executive Director of the IRC, Justin Kase

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.