Fuel Cost Adjustment

Find out how the latest Fuel Cost Adjustment affects your electricity bill.

The Fuel Cost Adjustment (FCA) may increase or decrease your bill. It is based on the difference between forecasted fuel prices and actual fuel prices (oil, gas and coal). The Fuel Cost Adjustment is updated every month to reflect the latest fuel price changes.

Fuel Cost Adjustment from 1 October 2022 is 52.2 cents per unit.

Monthly Fuel Cost Adjustment in 2022

Bar chart showing the monthly fuel cost adjustment for 2022 as compared to the annual fuel cost adjustment of 38.6 cents/unit.
Year 2022
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct

FCA

(cents/unit)

38.6

38.6

39.7

41.0

43.2

45.1

46.7

48.2

49.6

52.2

Calculating the Fuel Cost Adjustment 

Fuel Cost Adjustment = Annual fuel cost adjustment +/- Monthly adjustment

Based on the latest Tariff Review, the annual fuel cost adjustment is 38.6 cents per unit. In October 2022, the monthly adjustment is 13.6 cent per unit. Thus, the Fuel Cost Adjustment is 52.2 cents per unit. 

You may refer to the last column of the table below for calculation of the monthly adjustment. 

Fuel
Projected fuel cost per unit* (cents/unit)
Change in fuel cost per unit sold due to fuel price change (cents/unit)

Coal    

5.5

+10.1

Gas

36.8

+3.5

Oil

0.5

+0.1

Monthly adjustment in October 2022

+13.6

Note:
  • The projected fuel cost per unit* of electricity is based on projections made in the Tariff Review.
  • The monthly adjustment may not be the exact sum of the last column's figures due to rounding.
  • The price of nuclear electricity is independent of fuel market movement and therefore no cost adjustment is required.

More information

You may refer to our Explanatory Note for Fuel Cost Adjustment (PDF).

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