Fuel Surcharge

NEVIS ELECTRICITY COMPANY LTD

FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS

SEPTEMBER, 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 SEPTEMBER, 2015:

A = Average Fuel Price for AUGUST $5.88($/IG)
B = Fuel Base Price $2.43 ($/IG)
C = Fuel Used for AUGUST 302,376(IG)
D = Electricity Production for AUGUST 4,814,995(kwh)

FCAF (Surcharge) = 302,376 x 3.45 ($5.88 – 2.43)
4,814,995

COMMERCIAL = $0.22/kWh
DOMESTIC = $0.17/kWh

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

You might also like