This is no joke, FortisBC customers are set to get a break on their gas bills this spring.
The natural gas provider announced it will be decreasing the cost of natural gas prices, after receiving approval from the British Columbia Utilities Commission (BCUC).
From April 1st to June 30th, FortisBC will be cutting the cost of a gigajoule of gas by $1, which means the rate of fuel will drop from $5.159 per gigajoule to $4.159.
On Vancouver Island specifically, customers will see their monthly bills drop by about $7.50 or seven per cent based on average household consumption, which is usually 90 gigajoules per year.
“The cost of gas rate decrease will undoubtedly be welcomed and provide some relief to our customers on their gas bills especially at a time when other living expenses are high,” said Joe Mazza, vice-president, energy supply and resource development at FortisBC.
“Even with the cost of gas decreasing, we understand energy costs are an important consideration in household budgets and we are always here to support our customers if they need it.”
In a separate media release, the BCUC says it reviews FortisBC’s gas costs every quarter.
“Commodity rates, or gas costs, are a flow-through of the market prices that the utility pays for the commodity; the BCUC does not allow the utility to earn a profit or markup these costs. Customers pay what the utility pays,” said BCUC.