Notice for Public Comments on DOMLEC’s Reconsideration of WACC
Notice for Public Comments on DOMLEC’s Petition for Reconsideration on the IRC’s Decision Document Weighted Average Cost of Capital for Dominica Electricity Services Limited (DOMLEC) – Document Reference 2015/001/D. Take notice that DOMLEC has filed a Petition for Reconsideration of the Decision of the Independent Regulatory Commission on Weighted Average Cost of Capital (Document Reference 2015/001/D), which was issued on April 23rd, 2015. The Public is requested to submit comments on this Petition within Ten (10) days of publication of this Notice. Description of DOMLEC’s Request: IRC Decision 1: DOMLEC’s capital structure shall be 40% debt and 60% equity for …
IRC Issues Licenses to DOMLEC
The Independent Regulatory Commission created history on October 7, 2013 when two new licences were presented to DOMLEC. It has been decades since DOMLEC was first issued licences to operate in Dominica. DOMLEC was issued a Generation Licence. This license gives DOMLEC the non exclusive right and privilege within Dominica to generate electricity. The second license is a Transmission, Distribution and Supply License which gives DOMLEC the exclusive right and privilege to transmit distribute and supply electricity in Dominica. Both licences are for 25 years and will begin on January 1st 2014. Generation Licence In deciding on this period, the …
Public Consultations on Domlec’s Licence Negotiations
The Independent Regulatory Commission (IRC) invites interested stakeholders to participate in its public consultations on Domlec’s negotiations at the following venues and times: Monday 28th January 2013, 9am-4pm – (Roseau) Fort Young Hotel Tuesday 29th January 2013, 5pm-9pm – (Portsmouth) Central Cooperative Credit Union Hall Tuesday 19 th February 2013, 5pm-9pm – (Marigot) Wills Strathmore Stevens School Tuesday 26 th February 2013, 5pm-9pm – (Grand Bay) Old Fort These consultations seek to identify issues that may need to be considered prior to completing the licence negotiation process with DOMLEC. Come and discuss your concerns at it relates to the issuance …
Winning Essay by Deniane John
‘Explain why it is important to establish an Independent Regulatory Commission to oversee and regulate the electricity sector in Dominica and how this is of benefit to electricity consumers’ In 1949, the Colonial Development Corporation, through the formation of Dominica Electricity Company Ltd. (DOMLEC), began the electrifying process of giving light to the island nation of Dominica(1). Since then we have seen numerous changes in our still fledgling electricity sector. In 2006 the Electricity Supply Act was enacted, coming into effect on March 1st 2007(2). This liberalized the electricity sector in Dominica. By this Act of Parliament gone are the …
The Winners of IRC’s 5th Anniversary Essay Competition
The Independent Regulatory Commission (IRC) on Wednesday 17th October, 2012, announced the winners of its first Student Essay Competition, held recently to commemorate its 5th Anniversary. This year’s competition required high-school and college students to: ‘Explain why it is important to establish an Independent Regulatory Commission to oversee and regulate the electricity sector in Dominica and how this is of benefit to electricity consumers’. Public and Consumer Relations Manager of the IRC and Co-ordinator of the essay competition Mara Etienne-Manley says “This contest plays a key role in increasing young people’s knowledge of the work of the Independent Regulatory Commission …
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