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 APRIL 2021:
| A = Average Fuel Price for MARCH | $6.53 ($/IG) |
| B = Fuel Base Price | $1.60 ($/IG) |
| C = Fuel Used for MARCH | 256,823 (IG) |
| D = Electricity Production for MARCH | 3,646,413 kWh |
FCAF (Surcharge) = 256,823 x 4.93 ($6.53 – $1.60)
3,646,413