Surcharge Calculations (August 2019)

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 2019:

A = Average Fuel Price for JULY$6.93 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for JULY306,160 (IG)
D = Electricity Production for JULY5,028,064 kWh

FCAF (Surcharge) =     306,160 x 4.50 ($6.93 – 2.43)