NEVIS ELECTRICITY COMPANY LTD
FUEL COST ADJUSTMENT FACTOR (SURCHARGE) CALCULATIONS
DECEMBER, 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 December, 2014:
A = Average Fuel Price for November $8.94($/IG)
B = Fuel Base Price $ 2.43 ($/IG)
C = Fuel Used for A November 262756 (IG)
D = Electricity Production for November 4,303,223
FCAF (Surcharge) = 262,756 x6.51($8.94- 2.43)
4,303,223
COMMERCIAL = $0.40/kWh
DOMESTIC = $0.30/kWh
NB. A Twenty Five percent (25%) reduction for the Fuel Surcharge has been applied to the bills of Domestic Customers ONLY.