(CUC) — The Commonwealth Utilities Corporation has announced that the Fuel Adjustment Charge remains the same at $0.21119 per kWh for the month of January. Although there has been an increase of 3.74% in the average fuel oil price, the increase did not equal or exceed a 4.5% differential of the average per gallon cost of fuel.
The FAC is one of two components that make up the CUC electric rate, which is strictly for fuel and fuel-related purchases. The second component is the CUC base rate, which has not increased since April 2014 and is used to fund operations, projects, debt services, or any nonfuel-related expenses.
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