FAC remains the same for August 2024

The Commonwealth Utilities Corp. announces that the Fuel Adjustment Charge remains the same at $0.24173 per kWh for the month of August.

Although there has been a slight increase in the average fuel oil prices, 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.

To view CUC’s Schedule of Electric Charges and Rates, visit: https://www.cucgov.org/rates-and-tariffs/#electric. (PR)

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