Surcharge Calculations (January 2015)

The Fuel Adjustment Factor (Surcharge) Calculations:

Formula:      FCAF = C x (A – B)

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 January 2015:

A = Average Fuel Price for December $8.20 ($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for December 275,019 (IG)
D = Electricity Production for December 4,597,821 kWh

FCAF (Surcharge) =     275,019 x ($8.20 – 2.43)

COMMERCIAL = $0.35/kWh

DOMESTIC = $0.26/kWh

NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.