FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
FEBRUARY, 2014
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 February, 2014:
A = Average Fuel Price for January $10.68($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for January 246,914 (IG)
D = Electricity Production for January 4,120,390 kwh
FCAF (Surcharge) = 246914 x8.25 ($10.68 – 2.43)
4,120,390
COMMERCIAL = $0.49/kWh
DOMESTIC = $0.37/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.