NEVIS ELECTRICITY COMPANY LTD
FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
DECEMBER, 2013
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 December, 2013:
A = Average Fuel Price for November $ 10.57 ($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for November 2,217,254.6(IG)
D = Electricity Production for November 4,361,370 kwh
FCAF (Surcharge) = 272,390 x 8.14 ($10.57 – 2.43)
4,361,370
COMMERCIAL = $0.51/kWh
DOMESTIC = $0.38/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.
Note: December, 2013