FortisBC to move to flat electricity rate by 2023

Utility to gradually reduce and increase necessary rates over next five years

FortisBC will be phasing out its two-tier electricity rate by 2023.

The BC Utilities Commission approved the energy companies request made in December 2017 to return to a single, flat rate on Thursday.

The two-tiered rate, also known as the residential conservation rate, was put in place in 2012 at the direction of the comission in order to encourage energy conservation. Customers pay a higher rate when their use exceeds 1,600 kilowatt hours over a two-month period.

FortisBC vice-president of regulatory affairs Diane Roy said in a news release the utility had applied to reverse the two-tier system after customers voiced concerns over limited conservation options, specifically those who have high energy needs.

The change will end in annual savings for about 30 per cent of customers who have had higher bills under the current system. Meanwhile, customers who saved through energy conservation will see their bill increase.

Over the next five years, FortisBC will gradually reduce rates of its higher energy users, and increase the lower-rate customers, until it reaches a flat rate.

Current rates are 10.11 cents for the first 800 kilowatt hours, and 15.61 cents for additional use. If a flat rate were to be implemented today, all residential customers would be charged 11.749 cents per kilowatt-hour, and a basic customer charge of $18.70 per month.

Like us on Facebook and follow us on Twitter.

Just Posted

UPDATE: West Kelowna fawn euthanized, not claimed by sanctuary

Gilbert the deer has been euthanized after a suitable home was not found in time

Kootnekoff: It’s my strata, and I’ll smoke if I want to (Part 2)

The final part of a legal battle between two strata residents and second-hand smoke

Iconic rock photographer Bob Gruen to exhibit work in Kelowna

Gruen’s portfolio includes John Lennon, Bob Dylan, Led Zeppelin, David Bowie, among many others.

Kelowna woman to climb Mount Kilimanjaro for homeless youth

Victoria Schermel’s climb will raise funds for youth homelessness initiative, The Upstream Project.

Kelowna car thief’s sentencing delayed

Stanley Nickason pleaded guilty car theft charges in B.C. Supreme Court

July showers wash out half of the Okanagan’s cherry crop

Cherry growers say this is the worst season they’ve seen in decades

How a Kamloops-born man helped put us on the moon

Jim Chamberlin did troubleshooting for the Apollo program, which led to its success

Sexual harassment complaints soaring amid ‘frat boy culture’ in Canada’s airline industry

‘It’s a #MeToo dumpster fire…and it’s exhausting for survivors’

How much do you know about the moon?

To mark the 50th anniversary of the first lunar landing, see how well you know space

Body, burning truck found near northern B.C. town

RCMP unsure if the two separate discoveries are related

Survivorship Dragon Boat Team wins in Vernon

Team takes top spot in A division at festival

Couple found dead along northern B.C. highway in double homicide

Woman from the U.S. and man from Australia found dead near Liard Hot Springs

RDOS contributes funds to arts centre workshop

South Okanagan Performing Arts Centre Society wants input into proposed facility

World-famous sopranos to hold concert in Okanagan

Two Canadian sopranos are bringing their world-famous voices to the Okanagan for one night only

Most Read