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
