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EAC Website > EN > Customer Service > Tariffs > Wholesale Tariff 2018

Wholesale Tariff 2018

The Wholesale Tariff (T-W) concerns electricity selling prices by EAC Generation to EAC Supply and to other Producers or Suppliers at the Basic Fuel Price (€300/Metric Ton).

 

Wholesale Tariff (T-W) for the year 2018 (€cent/ Sent out MWh)

at the Basic Fuel Price (300/ Μetric Ton)



Period

Summer

 (1 Jun. – 30 Sept. )

Weekday

Weekend/Holidays

Peak Hours (09:00 - 23:00)


137,9

86,3

Off Peak - All Days (23:00 – 09:00)


83,7

81,7



Period

Other Seasons

(1 Jan. – 31 May / 1 Οct. - 31 Dec.)​

Weekday

Weekend

/Holidays

Peak Hours - All Days (16:00 - 23:00)


87,3

83,8

Off Peak - All Days (23:00 – 16:00)

78,2

74,3


 

Methodology of T-W Adjustment with the Weighted Average Fuel Price

The Wholesale Tariff (T-W) is adjusted based on the Weighted Average Fuel Price, which is announced by EAC every month, and the Fuel Adjustment Coefficient for Customers at the High Voltage, which is approved by CERA every 6 months adjusted with the loss adjustment factor at high voltage of each month as set by the relevant CERA's decision (No.173/2017). The Weighted Average Fuel Price of each month is presented at EAC's website at the following address:  https://www.eac.com.cy/EL/CustomerService/Tariffs/Pages/FuelCost.aspx .The approved Fuel Adjustment Coefficient at High voltage and the monthly loss adjustment factor at high voltage as set by the relevant CERA's decision (No.173/2017), is shown at the table below.

 

Specifically, the Adjusted T-W at a particular hour equals with the T-W at the Basic Fuel Price (i.e. with fuel cost 300€/MT) adjusted by the product of the difference between the Weighted Average Fuel Price and the Basic Fuel Price times the approved Fuel Adjustment Coefficient for Customers at the High Voltage, which applies for that particular month divided by the loss adjustment factor at high voltage (i.e multiplied with the modified Fuel Adjustment Coefficient at High Voltage for Customers).

 

Example 1: Pricing for February 2018, at Weekday Off Peak Hours (e.g. at 13:00) :

 

For the Off Peak Hour of a Weekday of February 2018 (e.g. at 13:00) the approved Fuel Adjustment Coefficient for Customers at the High Voltage adjusted with the loss adjustment factor at high voltage equals to 0,00023503/(1+0,0190) = 0,00023065 M.Tones/kWh (0,23065 M.Tones/MWh). The Weighted Average Fuel Price for February equals to 347,88€/M.Ton and the Basic T-W equals to 78,2€/MWh.

 

Adjusted T-W = T-W at the Basic Fuel Price (see above table) + (347,88-300) * 0,23065 =

78,2 + 11,044 = 89,244€/MWh

 

Example 2: Pricing for a holiday in February 2018 at Peak Hours (e.g. at 18:00) :

 

For Peak Hours of a holiday in February 2018 (e.g. at 18:00) the approved Fuel Adjustment Coefficient for Customers at the High Voltage equals with 0,00023503/(1+0,0190) = 0,00023065 M.Tones/kWh (0,23065 M.Tones/MWh). The Weighted Average Fuel Price for February equals to 347,88€/M.Ton and the Basic T-W equals to 83,8€/MWh.

 

Adjusted T-W = T-W at the Basic Fuel Price (see above table) + (347,88-300) * 0,23065=

83,8 + 11,044 = 94,844€/MWh

 

Month of Invoice

 

Fuel Adjustment Coefficient for customers at the High Voltage ΜΤ/MWh

 

Monthly Loss Adjustment factor at High Voltage

ΜΤ/MWh

(%)

Modified Fuel Adjustment Coefficient at High Voltage

ΜΤ/Mwh

 

 

January 2018

 

0,22000

 

1,75

 

0,21622

 

 

February 2018

 

0,23503

1,90

 

0,23065

 

 

March 2018

 

0,23503

1,48

 

0,23160

 

 

April 2018

 

0,23503

1,85

 

0,23076

 

 

May 2018

 

0,23503

2,07

 

0,23026

 

 

June 2018

 

0,23503

2,09

 

0,23022

 

 

July 2018

 

 

 

 

August 2018

 

 

 

 

September 2018

 

 

 

 

October 2018

 

 

 

 

November 2018

 

 

 

 

December 2018

 

 

 

 

 

 

 

 

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