The Energy Fee calculation has two components, a percentage and an additional flat fee. The percentage is tied directly to the national average price of diesel fuel as reported weekly by the Energy Information Administration of the U.S. Department of Energy (EIA/DOE) in its Weekly Retail On-Highway Diesel Prices Index. This index is objective, publicly available, and widely recognized in the trucking and transportation industries. This component will fluctuate as the average price rises and falls.
The EIA/DOE average is published each Monday. Liquid Environmental Solutions (LES) will use the published average from the last Monday of every month to calculate the percentage energy charge for the following month. Liquid Environmental Solutions’ surcharge tables show what the energy surcharge, as a percentage of your monthly or other periodic invoice charges, before taxes, is based upon the last reported EIA/DOE national diesel price index prior to your invoice date.
The Flat fee component is added in addition to the percentage fee. The flat fee is not tied to any specific index, but covers energy costs across LES’s operations that are not covered by the percentage fee, as well as ensuring a reasonable operating margin. The Energy charges are not calculated based on any specific costs (direct or indirect) of servicing your individual account, and include a profit component.