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 NOVEMBER 2019:
| A = Average Fuel Price for OCTOBER | $7.26 ($/IG) |
| B = Fuel Base Price | $2.43 ($/IG) |
| C = Fuel Used for OCTOBER | 301,967 (IG) |
| D = Electricity Production for OCTOBER | 5,319,074 kWh |
FCAF (Surcharge) = 301,967 x 4.83 (7.26 – 2.43)
5,319,074
