No hike in natural-gas rates through end of year

Over three million British Columbians use natural gas every day.

  • Sep. 17, 2018 2:00 p.m.

Kamloops This Week

Natural-gas prices will remain static for at least the next three months.

FortisBC has received approval from the British Columbia Utilities Commission (BCUC) to maintain the cost of natural gas for its customers. As of Oct. 1, more than three-million FortisBC customers will see no change to the cost of natural gas on their bill.

“Natural gas prices in our province continue to remain near their lowest levels in over a decade and our natural gas customers have not seen a rate increase in two years,” said Diane Roy, vice-president of regulatory affairs at FortisBC. “The preference for natural gas is reflected by our continued customer growth.”

Below are the rate changes for each region effective October 1, 2018:

Mainland, Vancouver Island and Whistler

  • There is no change to the current cost of gas rate for residential customers at $1.549 per gigajoule (GJ).

Fort Nelson

  • Residential customers in Fort Nelson will not see any changes to their bill. The current cost of gas rate is $1.571 per GJ.

Revelstoke

  • Residential customers will see an increase to the cost of propane rate from $11.791 per GJ to $12.842 per GJ. This is an increase of $1.051 per GJ.

What is on your bill?

• Basic charge: The basic charge is a flat daily fee that partially recovers the fixed costs of the system, whether or not you are using any natural gas, as long as you are connected to the system. The basic charge is

reviewed by the BCUC annually.

• Delivery charge: The delivery charge is based on consumption and pays for the cost of delivering gas to homes and businesses. The delivery charge also covers the costs of maintaining the natural gas distribution

system, earn a return on the amounts invested in FortisBC and fund improvements. Delivery charges are reviewed by the BCUC annually.

• Storage and transport: Storage and transport reflects the prices FortisBC pays to other companies to store and transport gas through their pipelines and infrastructure. These costs are reviewed quarterly and set annually by the BCUC.

• Cost of gas: Every three months, FortisBC reviews natural gas and propane cost of gas rates with the BCUC to ensure rates passed on to customers cover the cost of purchasing the gas on their behalf.

Factors affecting the market price of natural gas and propane in North America include weather, supply and demand and economic conditions, Propane prices are also influenced by global oil markets. FortisBC does not mark up the cost of gas as customers pay what it pays.

• Other charges and taxes: Other charges and taxes include the B.C. carbon tax, the clean energy levy, the GST and, in some municipalities, a municipal operating fee. These charges are set by various levels of government and collected by FortisBC on their behalf.

Like us on Facebook and follow us on Twitter.

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

Just Posted

Okanagan rinks have mixed results as BC Seniors Curling finals begin

A total of 15 rinks are competing in Vernon for right to go to nationals in Manitoba

‘The NDP of the ’90s is back’: Kelowna-Lake Country MLA voices concerns over 2020 budget

Kelowna-Lake Country MLA Norm Letnick said the new budget is “classic NDP tax-and-spend”

Canadian Air Force joins Okanagan rescue of missing Kelowna snowmobiler

The teen had been missing since just after 6 p.m. on Monday

City of Kelowna signs UNHCR statement of solidarity with refugees

The #WithRefugees campaign invites cities working to promote inclusion and support refugees

Aquilini Group addresses heating complaints at SOPA Square in Kelowna

Some store owners have been without heat at development for up to a month

VIDEO: 7 things you need to know about the 2020 B.C. budget

Surplus of $227 million with big spending on infrastructure and capital projects

Trees Cannabis director fined $1.5M for selling marijuana

Fine follows provincial crackdown on popular dispensary

World Cup skier from Okanagan dies suddenly at 19

Kuroda, who made his World Cup debut earlier this year, passed away suddenly Monday night.

Coastal GasLink pipeline investor committed to closing deal despite protests

Developer TC Energy Corp. — formerly TransCanada Corp. — is to remain the operator of the $6.6-billion pipeline

New highway proposed between Alberta and B.C.

The route would connect Red Deer to Kamloops

What’s in a name? The story of Revelstoke’s Mt. Begbie

It’s likely the iconic peak had several Indigenous peoples’ names before settlers arrived

Budget 2020: B.C. Liberals blast ‘Netflix tax,’ lack of economic plan

ICBC rates still go up, except in election year, Shirley Bond says

Town of Osoyoos voices support for proposed casino

Osoyoos council voted to submit a letter of support for a proposed casino on OIB land

Two law enforcement trucks ‘deliberately’ set on fire in northern B.C., RCMP say

Police say they have video evidence of a person in the area of the truck fires

Most Read