Surcharge Calculations (August 2014)

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 August 2014:

A = Average Fuel Price for July $10.53 ($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for July 277,996 (IG)
D = Electricity Production for July 4,636,026 kWh

FCAF (Surcharge) =     277,996 x ($10.53 – 2.43)

COMMERCIAL = $0.49/kWh

DOMESTIC = $0.37/kWh

NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.