THE Commonwealth Utilities Corporation announces that the Fuel Adjustment Charge or FAC remains the same at $0.24173 per kWh for the month of July. Although there has been a slight decrease in the average fuel oil prices, the decrease did not equal or exceed a 4.5% differential of the average per gallon cost of fuel.
The FAC, which is set monthly, is one of two components that make up the CUC electric rate and 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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