Surcharge Calculations (March 2019)

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 March 2019:

A = Average Fuel Price for FEB$6.93 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for FEB269,548 (IG)
D = Electricity Production for FEB4,184,570 kWh

FCAF (Surcharge) =     269,548 x 4.50 ($6.93- 2.43)
                                                    4,184,570

COMMERCIAL/DOMESTIC = $0.28/kWh