Surcharge Calculations: April 2020

The Fuel Adjustment Factor (Surcharge) Calculations:

Formula:      FCAF = C x (A – B)

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 APRIL 2020:

A = Average Fuel Price for MARCH$5.58 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for MARCH271,689 (IG)
D = Electricity Production for MARCH4,560,807 kWh

FCAF (Surcharge) =     271,689 x 3.15 ($5.58 – $2.43)