IRC Begins Public Consultation on WACC for DOMLEC
A face-to-face consultation is scheduled for August 14, 2024, at the Dominica Public Service Union Building, where IRC and DOMLEC representatives will present on the topic. The WACC, representing the return needed to satisfy investors, including both debt and equity holders, will be crucial in determining shareholder compensation for investments in DOMLEC’s regulatory assets. …
Statement on IRC’S final decision of DOMLEC’S depreciation study
The Independent Regulatory Commission (IRC) has reached its final decision regarding the Depreciation Study, submitted by the Dominica Electricity Company Ltd. (DOMLEC), as part of the ongoing Tariff Review. The Depreciation Study is a critical component of determining the suitable method at calculating depreciation of DOMLEC’s physical assets. …
IRC Hosts Public Consultation on DOMLEC’s Depreciation Rate
The Independent Regulatory Commission (IRC), as part of the progressing Electricity Tariff/Rate Review for the Dominica Electricity Services (DOMLEC) Ltd, hosted its first in-person public consultation on Thursday, February 22, 2024, at the St. Alphonsus Parish Hall. …
IRC Clarifies Non-Involvement in DOMLEC’s Pay-As-You-Go Vendor Decisions
The Independent Regulatory Commission would like to both advise and inform the general public that it does not play any role in DOMLEC’s Administrative authority over its Pay-As-You-Go Vendors. This is the sole responsibility of the company and is similar to its obligation to decide what its contractors or employees are compensated. …
Details on DOMLEC’s Application for Extension of Licences
DOMLEC made an application to the Commission for the extension of the term of its licenses to be in alignment with that of the Geothermal Power Company of Dominica (GPCD) 2023 Ltd. This term extension is legally required so that the GPCD can sell power to DOMLEC in accordance with its license to generate power from the date of commercial operation of the 10 MW Geothermal plant for 25 years. …
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