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 March 2015:
| A = Average Fuel Price for February | $6.65 ($/IG) |
| B = Fuel Base Price | $2.43 ($/IG) |
| C = Fuel Used for February | 262,060 (IG) |
| D = Electricity Production for February | 4,215,886 kWh |
FCAF (Surcharge) = 261,965 x 4.22($6.65- 2.43)
4,215,886
COMMERCIAL = $0.26/kWh
DOMESTIC = $0.20/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.
