NEVIS ELECTRICITY COMPANY LTD

NEVIS ELECTRICITY COMPANY LTD

FUEL COST ADJUSTMENT FACTOR (SURCHARGE)  CALCULATIONS

JANUARY, 2014

 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, 2014:

 

A =   Average Fuel Price for December $10.61($/IG)

B =   Fuel Base Price $  2.43 ($/IG)

C =   Fuel Used for December   223,923 (IG)

D =   Electricity Production for December 4,738273 kwh

FCAF (Surcharge) =      223,923 x8.18 ($10.61 – 2.43)

4,738,273

COMMERCIAL          =   $0.39/kWh

DOMESTIC           =   $0.29/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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