Surcharge Calculations: December 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 DECEMBER 2019:

A = Average Fuel Price for NOVEMBER$6.94 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for NOVEMBER287,884 (IG)
D = Electricity Production for NOVEMBER5,257,530 kWh

FCAF (Surcharge) =     287,884 x 4.51 ($6.94 – $2.43)