Surcharge Calculations (June 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 JUNE 2019:

A = Average Fuel Price for MAY$7.43 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for MAY301,950 (IG)
D = Electricity Production for MAY5,009,241 kWh

FCAF (Surcharge) =     301,950 x 5.00 ($7.43 – 2.43)