NEVIS ELECTRICITY COMPANY LTD
FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
JANUARY 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 January 2015:
A = Average Fuel Price for December $8.20 ($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for A December 275,019 (IG)
D = Electricity Production for December 4,597,821
FCAF (Surcharge) = 275,019 x5.77($8.20- 2.43)
4597,821
COMMERCIAL = $0.035/kWh
DOMESTIC = $0.26/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.