FortisBC to move to flat electricity rate by 2023

Utility to gradually reduce and increase necessary rates over next five years

FortisBC will be phasing out its two-tier electricity rate by 2023.

The BC Utilities Commission approved the energy companies request made in December 2017 to return to a single, flat rate on Thursday.

The two-tiered rate, also known as the residential conservation rate, was put in place in 2012 at the direction of the comission in order to encourage energy conservation. Customers pay a higher rate when their use exceeds 1,600 kilowatt hours over a two-month period.

FortisBC vice-president of regulatory affairs Diane Roy said in a news release the utility had applied to reverse the two-tier system after customers voiced concerns over limited conservation options, specifically those who have high energy needs.

The change will end in annual savings for about 30 per cent of customers who have had higher bills under the current system. Meanwhile, customers who saved through energy conservation will see their bill increase.

Over the next five years, FortisBC will gradually reduce rates of its higher energy users, and increase the lower-rate customers, until it reaches a flat rate.

Current rates are 10.11 cents for the first 800 kilowatt hours, and 15.61 cents for additional use. If a flat rate were to be implemented today, all residential customers would be charged 11.749 cents per kilowatt-hour, and a basic customer charge of $18.70 per month.

Like us on Facebook and follow us on Twitter.

Just Posted

Two-car crash on road to Golden Ears park

Female driver taken by ambulance; traffic diverted on route to provincial park in Maple Ridge.

Being Young: Letting spring in

Are we biased against spring?

Mad Hatters Parade and Tea Party in Maple Ridge

Event to end stigma surrounding mental illness

Pitt Meadows Foundation chooses its citizen of the year

Peter Jongbloed has been active at city hall and with environmental causes

Pitt Meadows Day fireworks show gets $15,000 infusion

Fundraiser by community groups nets over $22,000

UPDATE: B.C. pilot killed in Honduras plane crash

The crash happened in the Roatan Islands area, according to officials

Raptors beat Bucks 118-112 in 2OT thriller

Leonard has 36 points as Toronto cuts Milwaukee’s series lead to 2-1

‘Teams that win are tight’: B.C. Lions search for chemistry at training camp

The Lions added more than 50 new faces over the off-season, from coaching staff to key players

Rescue crews suspend search for Okanagan kayaker missing for three days

71-year-old Zygmunt Janiewicz was reported missing Friday

B.C. VIEWS: Reality of our plastic recycling routine exposed

Turns out dear old China wasn’t doing such a great job

Structure fire destroys Surrey tire shop

RCMP have closed Fraser Highway down to traffic from 152 Street to 88 Avenue

Carbon dioxide at highest levels for over 2.5 million years, expert warns of 100 years of disruption

CO2 levels rising rapidly, now higher than at any point in humanity’s history

Multi-vehicle collision on highway in Chilliwack

Accident involves several vehicles, in the westbound lanes says Drive BC

Man dies after being hit by car in East Vancouver

The driver involved is cooperating with police

Most Read