NEVIS ELECTRICITY COMPANY LTD
FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
JULY, 2015
Formula:
FCAF = C x (A – B)
D
where, FCAF = The Fuel Cost Adjustment Factor (Fuel Surcharge)
A = Current Month’s Average Fuel Price (EC$/IG)
B = Average Fuel Price at Base Tariff (EC$/IG)
C = Current Month’s Fuel Usage
D = Current Month’s Electricity Production (kWh)
Fuel Cost Adjustment Factor for JULY, 2015:
A = Average Fuel Price for JUNE $7.26($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for A JUNE 270,957(IG)
D = Electricity Production for JUNE 4,331,592kwh
FCAF (Surcharge) = 270,957 x 4.83 ($7.26 – 2.43)
4,331,592
COMMERCIAL = $0.30/kWh
DOMESTIC = $0.23/kWh
A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.