Natural gas rates unchanged until end of year: FortisBC - InfoNews

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Natural gas rates unchanged until end of year: FortisBC

FILE PHOTO - Natural gas meters are seen on the side of a condominium complex in Vernon, B.C., Tuesday, Oct. 23, 2018.
September 17, 2019 - 11:00 AM

Natural gas and propane customers in B.C. are in luck as rates will remain unchanged.

According to a media release, FortisBC has received regulatory approval from the British Columbia Utilities Commission to maintain the cost of natural gas and propane rates for all customers from Oct. 1 to Dec. 31.

“With over one million natural gas customers and more than half of British Columbian homes using natural gas, it remains a popular and affordable choice,” said Dennis Swanson, FortisBC’s vice-president of energy supply and resource development. “We do not mark up the cost of gas, so our customers pay what we pay and since the cost remains low for us, it means we can pass these savings along to our customers.”

FortisBC’s natural gas is about one-third to one-half of the cost of other energy options like electricity for heating homes, the release states. 

As of Oct. 1, natural gas rates on the Island and in the Interior will remain at $1.549 per gigajoule. This rate has remained steady for seven consecutive quarters, FortisBC says. By contrast, Fort Nelson sees a rate of $1.048 per GJ compared to Revelstoke's $9.448 per GJ.

FortisBC is regulated by the utilities commission and applies for rate reviews every quarter. The next review for natural gas and propane costs will be in December and will take effect at the beginning of 2020.

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