Surcharge Calculations: February 2020

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 FEBRUARY 2020:

A = Average Fuel Price for JANUARY $7.32 ($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for JANUARY 287,020 (IG)
D = Electricity Production for JANUARY 4,897,002 kWh

FCAF (Surcharge) =     287,020 x 4.89 ($7.32 – $2.43)
                                                    4,897,002

COMMERCIAL/DOMESTIC = $0.29/kWh