Surcharge Calculations: January 2021

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 JANUARY 2021:

A = Average Fuel Price for DECEMBER$5.15 ($/IG)
B = Fuel Base Price$1.60 ($/IG)
C = Fuel Used for DECEMBER253,778 (IG)
D = Electricity Production for DECEMBER3,707,829 kWh

FCAF (Surcharge) =     253,778 x 3.55 ($5.15 – $1.60)