Dominica’s Independent Regulatory Commission (IRC) has reached its final decision on the Depreciation Study submitted By DOMLEC as part an ongoing Tariff Review, which could impact electricity rates

The Independent Regulatory Commission (IRC) has reached its final decision regarding the Depreciation Study, submitted by DOMLEC, as part an ongoing Tariff Review. The Depreciation Study is said to be a critical component of determining the suitable method of calculating depreciation of DOMLEC’s physical assets.   
 
The consultation on the Depreciation Study opened in January 2024 and ended in April 2024. It began with the publication of a consultative document, followed by an in-person public meeting on February 22. IRC presenters & DOMLEC’s consultant provided clarification and responded to questions from stakeholders. Stakeholders’ responses to specific consultation questions were documented.  
 
IRC Executive Director Justinn Kase says stakeholders were informed that the higher the depreciation expense, the higher electricity rates would be in Dominica. ​

Mr Kase revealed that following the IRC ‘s decision- as outlined in its Document Reference No: 2024/001/D - being made public on May 30, 2024; it will be published in the Official Gazette. DOMLEC is now obligated to make the necessary amendments to its Depreciation Policy, that aligns with IRC’s approval of its Depreciation Study. ​

​Justinn Kase, IRC’s Executive Director.