Nevlec Notice: Fuel Surcharge

NEVIS ELECTRICITY COMPANY LTD

FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS

JANUARY 2015

 

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 January 2015:

A = Average Fuel Price for December $8.20 ($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for A December 275,019 (IG)
D = Electricity Production for December 4,597,821

FCAF (Surcharge)          = 275,019 x5.77($8.20- 2.43)
4597,821

COMMERCIAL = $0.035/kWh
DOMESTIC = $0.26/kWh

NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.

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