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 DECEMBER 2019:
| A = Average Fuel Price for NOVEMBER | $6.94 ($/IG) |
| B = Fuel Base Price | $2.43 ($/IG) |
| C = Fuel Used for NOVEMBER | 287,884 (IG) |
| D = Electricity Production for NOVEMBER | 5,257,530 kWh |
FCAF (Surcharge) = 287,884 x 4.51 ($6.94 – $2.43)
5,257,530
