General Electricity Law
Policy measure

The Dominican Republic has, according to REEEP (2007), established mechanisms to generate funds for energy efficiency investments within the country to push for development in this direction. These mechanisms are put in place by the General Electricity Law.

Implementation

Since 2002, the Dominican Republic has set aside 2 percent of fossil fuel and petroleum products' consumption taxes and placed them into a fund for programmes promoting energy efficiency and alternative, clean, or renewable energy sources. The share of revenues for this purpose will increase annually by one full percentage point until it reaches 5 percent. In this framework, renewable energy sources for electricity generation are prioritized. (REEEP, 2007)

Challenges
No identified challenges.
Outcomes

According to REEEP (2007), the tax surplus generated for energy efficiency investments has amounted to around USD 25 million each year.

References

REEEP (Renewable Energy and Energy Efficiency Partnership), 2007. Sustainable Energy Policy Initiative Report for Latin America and the Caribbean. Available at: www.oas.org/dsd/reia/Documents/SEPIreportFINAL_eng.pdf.