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 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)
4,597,821
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.
