Surcharge Calculations (July 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 July 2019:

A = Average Fuel Price for JUNE$6.95 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for JUNE272,597 (IG)
D = Electricity Production for JUNE4,509,806 kWh

FCAF (Surcharge) =     272,597 x 4.52 ($6.95 – 2.43)