If you’re looking to reduce your car’s carbon emissions, you’ve probably heard about the Fuel Factor. But what is it, and how does it work? This article will walk you through fuel factor rate, ICE% (Ice Factor for ETOPS) and ZFW (Zero Fuel Weight).
Power cost adjustment
Fuel cost adjustment, also known as fuel factor X, is the charge for the electricity you consume each month. It is calculated using the cost of fuel at the time of purchase. The fuel cost is determined by the actual cost of fuel as reported by your supplier. If the price of fuel increases, the company will pass this cost on to you in the form of an adjustment to your base rate. The charge for fuel cost adjustment is separate from the base rate charge.
The fuel cost adjustment charge reflects all energy costs, including the price of fuel and the cost of transportation and storage. The correct fuel adjustment should vary by time of use and according to the cost of service principles. If customers are not informed of the exact fuel cost, they might not engage in energy-efficient behavior. In addition, the fuel adjustment charge should be based on historical costs or forecasted values, though the trend is moving toward forecasted values.
If the base rate reduction is more than 12 percent, an affiliate electric utility can request a change in the PCRF to reflect the difference between its power cost and the fuel price of its customers. However, the affiliated REP must show that the change in the price of the purchased power has decreased its headroom under price to beat and that a fuel factor adjustment is necessary to restore this headroom. Similarly, a generating investor-owned utility may request a PCRF adjustment twice a year, based on the rate reduction.
A typical electric bill will increase by approximately $5 per month in May due to fuel costs. If you need assistance paying your bill, EPE also offers payment assistance. It received preliminary approval for the adjustment of its fixed fuel factor. The increase for a typical residential customer using 935 kWh in a summer month will be about five dollars and ten cents per month, which is 5% more than the current rate. The EPE’s filing is not related to the recent winter freeze event.
Fuel factor rate
A fuel factor rate is a monthly price adjustment for energy consumption. It is determined by the FortisTCI according to the Electricity Ordinance. The fuel cost at the time of purchase is used to determine the rate, as is the price mandated by law. This rate is then reported to the government Energy and Utilities Commissions Office for verification. Fuel factor rates can change at any time, and FortisTCI has the discretion to adjust them as needed.
Fuel factor rates are tied to the world fuel market. EPE incurs fuel costs when supplying electricity to customers. Regulations allow them to recover only the actual fuel expenses, and any over-recoveries are refunded. Therefore, the rate may change regularly. The rate of fuel factor is not a profit-making proposition for EPE. This is one reason why regulators are cautious about fuel factor rates. The fuel factor rate is calculated in kilowatt-hours, but a lag of two months is expected.
The electric utility must also provide its monthly fuel cost reports to the commission. A fuel factor must have over-recovery of at least four percent of the annual fuel cost figures for the rolling 12-month period. To obtain an approval from the commission, electric utilities must file a petition for the revision of their fuel factor rates. To file a petition, utilities must submit their revised fuel factor estimates within the first five business days of specified months. When filing for an approval of fuel cost adjustment, electric utilities must provide a copy of their tariff sheet and workpapers supporting the revision of fuel cost rates.
Electric utilities may file a petition for revision of the fuel factor rate on any month except December. The presiding officer of the commission determines the procedural schedule of fuel factor petitions. The final order will be issued within sixty days or ninety days. The petition must be filed on or before November 15 of each calendar year. If the petition is filed after this date, the fuel factor rate must be adjusted within two months. The revised fuel factor rate must be lower than the new one by at least one percent.
ZFW (Zero Fuel Weight)
If you’re in the aviation business, you’ve probably heard of the term ZFW. What exactly does this acronym mean? This article will explain its definition and explain the implications of a ZFW. A ZFW is a metric of the weight of a plane without any fuel on board. It can refer to the empty weight of the aircraft, its maximum taxi weight, or its operating empty weight. Having a ZFW means that the aircraft is lighter than it would otherwise be. It also allows for increased payload capacity by allowing airlines to carry more cargo.
If you’re in the aviation industry, you’ve probably seen people using ZFW as a text message acronym. ZFW stands for Zero Fuel Weight and is a popular term in many industries. But did you know that there are other meanings to this acronym? Find out what they are using ZFW for and learn how you can start using it yourself. It might make you think twice before using the term on your next text message.
Capacity factor
The capacity factor of fuel is a measure of the amount of energy that can be stored by a given type of fuel. As the fuel’s capacity factor increases, the amount of money that power producers pay for electricity will increase. Fuel cells are a good way to increase the capacity factor of renewable energy sources. They can also be used to generate excess hydrogen that can be used by fuel cell electric vehicles. However, fuel cells are not yet widely available in all countries.