Surcharge Calculations: November 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 NOVEMBER 2019:

A = Average Fuel Price for OCTOBER$7.26 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for OCTOBER301,967 (IG)
D = Electricity Production for OCTOBER5,319,074 kWh

FCAF (Surcharge) =     301,967 x 4.83 (7.26 – 2.43)
                                                    5,319,074

COMMERCIAL / DOMESTIC = $0.27/kWh