NEVIS ELECTRICITY COMPANY LTD
FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
JANUARY, 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 January, 2014:
A = Average Fuel Price for December $10.61($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for December 223,923 (IG)
D = Electricity Production for December 4,738273 kwh
FCAF (Surcharge) = 223,923 x8.18 ($10.61 – 2.43)
4,738,273
COMMERCIAL = $0.39/kWh
DOMESTIC = $0.29/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.