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 2022:
| A = Average Fuel Price for DECEMBER | $7.65 ($/IG) |
| B = Fuel Base Price | $1.60 ($/IG) |
| C = Fuel Used for DECEMBER | 283,452 (IG) |
| D = Electricity Production for DECEMBER | 4,585,734 kWh |
FCAF (Surcharge) = 283,452 x 6.05 ($7.65 – $1.60)
4,585,734