Fuel Cost Adjustment Factor (Surcharge) Calculations: March 2022


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 2022:

A = Average Fuel Price for FEBRUARY$9.31 ($/IG)
B = Fuel Base Price$1.60 ($/IG)
C = Fuel Used for FEBRUARY247,040 (IG)
D = Electricity Production for FEBRUARY3,892,754 kWh

FCAF (Surcharge) =     247,040 x 7.71 ($9.31 – $1.60)
                                                    3,892,754

COMMERCIAL/DOMESTIC = $0.49/kWh

THE MOVING AVERAGE CALCULATION = $0.40/kWh