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

WIND WARNING: Metro Vancouver expecting 100 km/h gusts Saturday night

Environment Canada issues warns of possibly dangerous conditions

Civic cannabis plan gets the attention of White Rock business groups

Chamber to poll members, BIA would “absolutely support” businesses looking to open dispensaries

Totems to battle Wildcats for Surrey RCMP Basketball championship

Match set for 7:45 p.m. at Enver Creek Secondary

Pedestrian reportedly struck in Surrey

Man taken to hospital after being hit by a car at approximately 7 p.m.

Machete-wielding man arrested in North Delta

Police chased the man down Kittson Parkway before arresting him

VIDEO: Surrey reviewing Clayton crosswalk after pedestrian hit

The city says investigation in response to safety concerns from local resident

VIDEO: Remember the Voyageurs at Fort Langley

Two-day historical festival underway

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

B.C. woman who forged husband’s will gets house arrest

Princeton Judge says Odelle Simmons did not benefit from her crime

Snow warning in effect for the Coquihalla

A snowfall warning is in effect from Hope to Merritt as slush and snow is expected on highways this weekend

Vancouver hoping free public Wi-Fi expansion will drive tourism dollars

Mayor Gregor Robertson says expansion bolsters its “leading Smart City” status

Women’s movement has come a long way since march on Washington: Activists

Vancouver one of several cities hosting event on anniversary of historic Women’s March on Washington

Liberals’ 2-year infrastructure plan set to take 5: documents

Government says 793 projects totalling $1.8 billion in federal funds have been granted extensions

Most Read