THE Commonwealth Utilities Corp. announces that the Fuel Adjustment Charge or FAC remains the same at $0.30712 per kWh for the month of November. 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 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.
