Tag: Price

The Independent Regulatory Commission (IRC) is preparing to review electricity rates for Dominica Electricity Services Ltd. (DOMLEC). As the regulator of the electricity sector in Dominica, the Electricity Supply Act No. 10 of 2006 empowers the IRC to review and approve electricity rates. Speaking at a news conference on Thursday, March 17th, Executive Director of the IRC, Justinn Kase, explained that costs incurred by DOMLEC will guide the determination of electricity rates. “Expectations of the exercise is that we will do our best to analyze DOMLEC’s expenses, capital investments and operational costs and all these different costs that are required …