Surcharge Calculations (October 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 October 2019:

A = Average Fuel Price for September$6.80 ($/IG)
B = Fuel Base Price$2.43 ($/IG)
C = Fuel Used for September287,839 (IG)
D = Electricity Production for September4,953,876 kWh

FCAF (Surcharge) =     287,839 x 4.37 ($6.80 – 2.43)