Whosale Tariff

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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).

 


CERA DECISION 5/2019

Wholesale Tariff (T-W) for the year 2019 (€cent/ Sent out kWh)

at the Basic Fuel Price (300/ Μetric Ton)



Peri​​od


Summ​er

 (1 June – 30 Sept. )

Weekday

Weekend/Holidays

Peak Hours (09:00 - 23:00)


14,20


8,​89

Off Peak - All Days (23​​:00 – 09:00)


8,62

8,41


Peri​​od

Other Seasons


Weekd​ay

Weekend/Holidays

​​Peak Hours - All Days (16:00 - 23:00)


8,​​​99


8,6​​3

Off Peak - All Days​​ (23:00 – 16:00)

8,​06

7,66


 

Whosale Tariffs 2018

Whosale Tariffs 2017


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 January 2019, at Weekday Off Peak Hours (e.g. at 13:00)

 For the Off Peak Hour of a Weekday of January 2019 (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 by the equals to 0,00023722/(1+0,0175)=  0,00023314 M.Tones/kWh (0,23314 M.Tones/MWh). If say, the Weighted Average Fuel Price for January equals to 439,15€/M.Ton and the Basic T-W equals to 80,60€/MWh (or 8,06€cent/Kwh).

Adjusted T-W = T-W at the Basic Fuel Price (see above table) + (439,15-300) * 0,23314 =

80,6 + 32,44 = 113,04€/MWh or 11,304 €cent/Kwh


 

Example 2: Pricing for a holiday in January 2019 at Peak Hours (e.g. at 18:00)


 For Intermediate Period Hours of a holiday in January 2019 (e.g. at 18:00) the approved Fuel Adjustment Coefficient for Customers at the High Voltage equals with 0,00023722/(1+0,0175) = 0,00023314 M.Tones/kWh (0,23065 M.Tones/MWh).

If say, the Weighted Average Fuel Price for January 2019 equals to 439,15€/M.Ton and the Basic T-W equals to 86,3€/MWh (or 8,63€cent/Kwh).

Adjusted T-W = T-W at the Basic Fuel Price (see above table) + (439,15-300) * 0,23314= 86,3 + 32,44 = 118,74€/MWh or 11,874 €cent/Kwh


Modified Fuel A​djustment Coeff​​icient at H.V. ΜΤ/Mwh 2018​​

 

Modified Fuel A​djustment Coeff​​icient at H.V. ΜΤ/Mwh 2019​​​​


 

 

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