Fortis electricity rates increase Jan. 1, 2013

Residential customers to see a 6.6 per cent hike on their electricity bills.

The B.C. Utilities Commission has approved an application by FortisBC to increase electricity rates by 4.2 per cent and a further 2.3 per cent rate rebalancing increase effective as of Jan. 1, 2013.

The cumulative rate adjustment for residential customers will mean an increase of 6.6 per cent, which for  the average residential customer using 1,050 kWh per month translates to a billing increase of about $7.07 per month.

“FortisBC works to provide our customers with safe, reliable electricity at the lowest reasonable cost,” said Tom Loski, FortisBC vice-president of customer service, “but changes in the external environment are causing pressure on our rates such as financing system maintenance and improvements, along with increased purchases of power.”

Further adjustments to electricity rates are because of rate rebalancing. Last year, FortisBC announced rate rebalancing which ensures that each customer group pays their share of the costs required to serve them, but does not generate extra revenue for FortisBC.

“This is the final phase of rate rebalancing for our residential customers that came as a result of our cost of service analysis. This analysis is done periodically to ensure rates are fair and equitable between customer groups and that no one customer class is subsidizing another,” said Loski.

Therefore, the cumulative rate adjustment starting Jan. 1 for other FortisBC electricity customers will see small business customers receiving a 5.5 per cent reduction; lighting customers will see a 6.8 per cent increase; wholesale customers will see a 5.9 per cent increase and Nelson wholesale will also see an increase of 4.6 per cent.

FortisBC continues to offer programs and services to help customers manage their electricity use through its PowerSense program. The FortisBC PowerSense program provides customers both financial incentives and helpful advice on energy efficient technologies and practices that can reduce electricity bills.

For more information on the 2012-13 revenue requirement decision or to view the rate rebalancing news releases from December or April, 2011 please visit fortisbc.com.

Just Posted

Missing Kelowna woman, Cassy Miller found dead

Miller went missing Nov. 6 and was found 10 days later

Crash closes Highway 33 south of Kelowna

Estimated time of re-opening is 7:30 p.m. Sunday, Nov. 18

Kelowna’s definitive Christmas market list

We’ve prepared a list of every market in the Central Okanagan

Your guide to winter light ups around the Okanagan

From Vernon to Summerland, with a stop in Kelowna, we’ve found some activities for you to enjoy

Saving salmon: B.C. business man believes hatcheries can help bring back the fish

Tony Allard worked with a central coast First Nation to enhance salmon stocks

High-end B.C. house prices dropping, but no relief at lower levels

But experts say home ownership remains out of reach for many for middle- and lower-income families

Worker killed in collision at B.C. coal mine

Vehicle collision occurred at approximately 10:45 a.m. this morning

B.C. asking for tips on ‘dirty money’ in horse racing, real estate, luxury cars

Action follows a Peter German report on money laundering in B.C. casinos

Canadian dead more than a week after plane crash in Guyana: Global Affairs

Global Affairs said it couldn’t provide further details on the identity of the Canadian citizen

Children between 6 and 9 eligible for $1,200 RESP grant from province

BC Ministry of Education is reminding residents to apply before the deadline

Victoria spent $30,000 to remove John A. Macdonald statue

Contentious decision sparked controversy, apology from mayor

South region forestry workers nearly in legal strike position

Talks broke down between USW and IFLRA, resulting in booking out of provincial mediator

Privacy concerns over credit card use for legal online pot purchases

Worries follow privacy breaches at some Canadian cannabis retailers

Most Read