Dominican Republic

With a power score of 2.44, the Dominican Republic ranks number 18 among Emerging markets and number 5 in the Latin America region.

Power score
2.44/5

Fundamentals3.45/5

Opportunities1.48/5

Experience1.37/5

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Ranking over time2.44/5

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The Dominican Republic has a power score of 2.44, which puts it at rank 18 in the Emerging Markets power ranking. The power score of the Dominican Republic is higher than the average of 2.07 in the Latin America region.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

The Dominican Republic implements policies in 6/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, REC'S - Renewable Energy Certificates, and Priority generation dispatch

Renewable energy target

Auctions/tenders (utility-scale)

Feed-in tariff/premium (utility-scale)

Support for customer-sited generation (rooftop and self-consumption)

Tax incentives

Renewables mandate/RPS/Supplier Obligation

REC'S - Renewable Energy Certificates

Priority generation dispatch

Power prices and costs

The average electricity price in the Dominican Republic has increased from ~$122/MWh in 2023 to ~$124/MWh in 2024. Since 2019, the average electricity price in the Dominican Republic has fluctuated between ~$119/MWh in 2021 and ~$133/MWh in 2019.

Electricity prices in the Dominican Republic (2019-2024)

Power market

The top amount of capacity installed in the Dominican Republic in 2024 was in Natural gas at 1.83GW.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in the Dominican Republic in 2024 was Natural gas at 9.55TWh, up from 8.74TWh in 2023.

Investment in the Dominican Republic (2019-2024)

Investment in clean energy in the Dominican Republic was around $278.28M in 2024. This amounts to a decrease of around 64% from $780.26M in 2023.

Utility privatisation

Which segments of the power sector are open to private participation?

generation

transmission

retail

Doing business and barriers

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Currency of Corporate PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

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