Surcharge Calculations (June 2015)

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 June 2015:

A = Average Fuel Price for May $7.30 ($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for May 276,529 (IG)
D = Electricity Production for May 4,512,791 kWh

FCAF (Surcharge) =     276,529 x 4.87($7.30- 2.43
                                                    4,351,579

COMMERCIAL = $0.30/kWh

DOMESTIC = $0.23/kWh

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