Natural gas rate hike approved for FortisBC

Rebounding gas prices result in $61 hit to typical home

Natural gas prices are going up for most residential users across B.C.

A jump in natural gas rates in the Lower Mainland means most households using gas will pay about $61 more each year.

The B.C. Utilities Commission approved the rate increase by FortisBC effective July 1.

Fortis officials say natural gas prices have rebounded from low levels in 2012 after increased demand, a colder winter and a slowdown of growth in gas production.

Commodity rates today are still about half of what they were in 2006, according to the company.

Fortis charges no markup on the commodity cost of the gas, it makes a profit only through its delivery charges to transmit it.

While the commodity cost is going up by $0.936 per gigajoule (GJ), the delivery charge is actually dropping by $0.294/GJ, so the net increase is $0.642. The average home uses about 95 GJ per year.

Customers who buy their gas on a fixed-price contract from a different supplier delivered through Fortis will pay about $28 less because of the reduced delivery charge.

The rate changes apply in the Lower Mainland, Interior, Kootenays and northern B.C.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

‘I knew what he wanted’: Man recalls black bear chasing him up tree in Slocan Valley

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

No passenger flights at West Kootenay Regional Airport until at least September

This is the third time Air Canada has announced changes to flight operations out of the airport

Powerful thunderstorms called for the West Kootenay this weekend

Environment Canada issued a special weather statement Thursday afternoon.

Morning Start: 180 different bird species exist in Kootenay National Park

Here is your Kootenays’ morning start for Friday, May 29

Nakusp RCMP seize large quantity of drugs during seach warrant on May 27

The warrant was conducted in the 300th block of 8th Avenue NW

Only four new COVID-19 cases, 228 active across B.C.

Health officials watching as activities ramp up

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

Feds looking at ways to reunite families amid COVID-19 border restrictions with U.S.

Some families with members of dual-citizenship have become separated due to the pandemic

Condition in kids with possible COVID-19 link being studied in Canada

This month, the U.S. Centers for Disease Control and Prevention issued an alert to doctors about MIS-C

COVID cancelled their wedding plans, so they married on a BC mountaintop

Ceremony was live streamed to friends and family around the world

Trudeau acknowledges racial unrest in U.S.; ‘We also have work to do in Canada’

‘Anti-black racism, racism, is real; it’s in the United States, but it’s also in Canada,’ Trudeau says

State of Local Emergency declared for Boundary as communities brace for river flooding

Warm weather and heavy rain could cause sections of Kettle River system to swell beyond 2018 levels

Large cruise ships barred from Canadian waters until end of October: Garneau

Last year 140 cruise ships brought more than two million visitors to Canadian ports

Minneapolis cop who knelt on man’s neck charged with murder

Arrest comes after three days of protests, which escalated in violence as demonstrators torched a police precinct

Most Read