Contributed by FortisBC.

Natural gas prices hold

FortisBC announced today there will be no change to the cost of natural gas this Spring

  • Mar. 13, 2017 11:00 a.m.

While the price of most things continue to rise, your natural gas rate will hold steady this Spring.

FortisBC announced on Monday that it has received approval from the British Columbia Utilities Commission to maintain the cost of gas for customers.

“As of April 1, 2017, FortisBC customers will see no change to the cost of natural gas on their billing statement,” states FortisBC.

The utility company explains that the cost of the gas rate reflects the market price of natural gas itself and natural gas is currently at some of its lowest commodity rates in the last 10 years.

FortisBC reviews the cost of natural gas every three months with the BCUC.

“Market conditions have allowed us to maintain our current natural gas commodity rates,” said Diane Roy, vice-president of regulatory affairs, FortisBC.

As it stands, there will be no change to the current approved Cost of Gas Charge of $2.050 per gigajoule

“Through our commodity rates, we pass on the price of natural gas to our customers without markup; you pay what we pay. And while we work hard to deliver the best value for our customers, we do recognize that sometimes it can be challenging to understand the different components that make up your utility bill. We encourage our customers to visit our website or call our customer call centre to learn more about the details of your bill,” added Roy.

In addition to the cost of natural gas, there are other items customers see displayed on their FortisBC natural gas billing statement that may cause confusion.

For more information about rates and to learn about what components make up your bill, visit: fortisbc.com/rates.

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