FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
MAY 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 MAY 2013:
A = Average Fuel Price for APRIL $10.49($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for APRIL 243,143(IG)
D = Electricity Production for APRIL 4,566,570 kwh
FCAF (Surcharge) = 243,143 x ($10.49 – 2.43)
4,566,570
COMMERCIAL = $0.43/kWh
DOMESTIC = $0.32/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.