FortisBC natural gas rate plunges

Customers should save $117 per year on their natural gas bills

Natural gas commodity rates charged by FortisBC have gone down 34 per cent.

Natural gas rates are going down for FortisBC customers in the Lower Mainland.

A 34 per cent decrease in the commodity rate to $2.486 per gigajoule effective April 1 means users should pay about $117 per year less on their bills in the Lower Mainland.

FortisBC energy supply vice-president Cynthia Des Brisay said a combination of factors have resulted in approval by the B.C. Utilities Commission of the lowest commodity rate charges seen in a decade.

“Natural gas prices are lower coming out of this past winter due to reduced overall demand for natural gas to heat homes and generate power,” she said.

“At the same time, supplies of natural gas have increased, allowing storage levels to return to normal levels.”

Overall, natural gas bills won’t drop as sharply because customers are also charged other fees, including a rate to deliver the gas, that together add up to more than the commodity rate charged for the gas itself.

The typical Lower Mainland gas user should see their monthly bill drop from around $81 now to about $71 after the rate change, assuming average consumption of eight gigajoules per month.

FortisBC doesn’t charge a markup on the gas itself, but instead profits from the delivery charge.

The rate change doesn’t affect customers who have contracts with other natural gas suppliers instead of FortisBC.

NATURAL GAS RATES | Create infographics

Just Posted

Fraser Valley fire departments form ‘strike teams’ to combat wildfires

Boston Bar, Chilliwack River Valley and Popkum departments form strike teams to fight wildfires

RCMP nab prolific car thief in Agassiz after month-long search

A province-wide warrant was issued for Brian Robert Stephan in June for a litany of offences

Traffic snarls at Agassiz/Harrison bridge after biker falls on road

A road bicyclist fell from his bike while crossing the bridge and needed medical attention

Inquest scheduled into woman’s death while in Chilliwack police custody

BC Coroners Service has scheduled a public inquest into the death of Charlene Teresa Sakamoto

Take-home naloxone may be replacing 911 calls in parts of Lower Mainland

Naloxone kits handed out up 29% over 2017, ambulance calls and emergency visits down 22-24%, deaths hold steady

PHOTOS: B.C. city wakes up to darkness under wildfire smoke

The rest of the province also dealing with thick haze as smoky skies continue

44 drownings so far this year in B.C.

Lifesaving Society urging caution to prevent deaths while on lakes, oceans and in pools

Some of B.C.’s air quality levels worse than Jodhpur, India

Okanagan, northern B.C. seeing some of the worst air quality globally

Thousands to attend funeral service for officers killed in Fredericton shooting

Hundreds of officials marched in the parade, which included massed band, several police motorcycles

VIDEO: Ground crews keep a close eye on largest B.C. wildfire

Originally estimated to be 79,192 hectares, officials said more accurate mapping shows smaller size

Vancouver Island woman to attempt historic swim across Juan de Fuca Strait today

Ultra-marathon swimmer Susan Simmons to attempt to swim from Victoria to Port Angeles and back

Canadians believe in immigration but concerned about asylum seekers: study

Immigration, Refugees and Citizenship Canada paid for study to understand Canadian attitudes

These are the highest-paid actresses of 2018

In its list released this week Forbes said all 10 earned a total of $186 million before tax

VIDEO: World of Magic coming to Vancouver

Seven magic shows will appear at the Vancouver Playhouse from September 7 to 9

Most Read