Finally, a small battle won against inflation!
FortisBC has received approval from the British Columbia Utilities Commission (BCUC) to decrease the cost of gas rate for its customers.
As of July 1st, rates will drop by $1 from $4.159 per gigajoule (GJ) to $3.159 per GJ.
“We understand that energy affordability is a priority for B.C. families and businesses,” said Joe Mazza, vice-president, energy supply and resource development at FortisBC.
Based on average household consumption, this could mean a decrease of $7.50 or more on monthly bills for most residential customers.
“This decrease in the cost of gas rate will provide customers with some relief to their gas bills this summer.”
FortisBC’s existing gas system plays an important role in British Columbia’s transition to a lower-carbon energy future — delivering low-carbon energy options such as Renewable Natural Gas1 and other renewable and low-carbon gases2.
Their rates reflect things like market-based prices, supply and demand, and economic conditions. This means FortisBC pays exactly what the customers do for the acquiring of natural gas.
Gas rate costs will be reviewed by the BCUC again in September.