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

Maple Ridge chef tops in B.C. for agriculture in the classroom

Chef Brian Smith named the B.C. Agriculture in the Classroom Teacher of the Year

Flames drop to eighth in PJHL

Ridge loses two games over the weekend

Man known to frequent Maple Ridge wanted by Langley RCMP

An arrest warrant is out for Bryce Telford for allegedly impersonating a police officer

New Maple Ridge council has old problem: Albion flats

Staff asking for politicians to decide direction

Canada’s archive buys rare book that hints at Nazi plans for North America

The 1944 book may have served as a blueprint for a Nazi purge

Teravainen’s 3 points lift Hurricanes to 5-2 win over Canucks

Vancouver heads into all-star break on losing note

B.C. hospital apologizes for veteran’s five-day hallway stay

Clinical director of Victoria General Hospital says case of retired veteran ‘definitely excessive’

Speaker Darryl Plecas says ‘justice’ needed for legislature employees

Plecas spoke to media at the opening of a pedestrian and cycling bridge in Abbotsford Wednesday

Advocate hopes B.C. legislature scandal leads to more transparency

‘Depressing’ that it takes a scandal to inspire freedom of information reform, says Sara Neuert

‘Dr. Lipjob’ avoids jail, gets 30-day suspended sentence

She will have to serve the 30 days in prison if she commits a breach during her two-year’s probation

Ex-Mountie involved in Taser death at Vancouver airport sues government

Kwesi Millington claims he acted in accordance with RCMP training

47 men arrested by Vancouver police for allegedly seeking sex with teenage girls

Seven of those arrested have been charged as part of a two-month operation

Surrey farmers taking stock of revamped Canada Food Guide

Products that were once big at the table — like meat and dairy — have been put on the back-burner

Most Read