Surcharge Calculations: January 2022

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 JANUARY 2022:

A = Average Fuel Price for DECEMBER$7.65 ($/IG)
B = Fuel Base Price$1.60 ($/IG)
C = Fuel Used for DECEMBER283,452 (IG)
D = Electricity Production for DECEMBER4,585,734 kWh

FCAF (Surcharge) =     283,452 x 6.05 ($7.65 – $1.60)
                                                    4,585,734

COMMERCIAL/DOMESTIC = $0.37/kWh

THE MOVING AVERAGE CALCULATION = $0.37/kWh