The Fuel Adjustment Factor (Surcharge) Calculations:
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 August 2012:
| A = Average Fuel Price for July | $9.69($/IG) |
| B = Fuel Base Price | $2.43 ($/IG) |
| C = Fuel Used for July | 251,540(IG) |
| D = Electricity Production for July | 4,514,500 kwh |
FCAF (Surcharge) = 251,540 x ($9.69 – 2.43)
4,514,500
DOMESTIC & COMMERCIAL = $0.40/kWh
NB. The Full Fuel Surcharge has been applied to the bills of Domestic Customers.