FortisBC bills set to drop starting April 1
B.C. natural gas users will soon see their bills decrease.
FortisBC announced last week that it has received approval from the British Columbia Utilities Commission (BCUC) to reduce the amount it charges for gas next quarter.
Beginning April 1, FortisBC will charge $4.159 per gigajoule for gas, a $1 decrease from the current rate of $5.159.
The new price will be in effect through June 30. FortisBC updates its gas prices quarterly, with BCUC approval, to reflect the cost of acquiring natural gas at market-based prices.
The company says it "flows the cost of gas directly to customers," meaning customers pay whatever FortisBC pays.
Monthly gas bills include the cost of natural gas used, plus a daily or monthly basic charge, delivery charges, storage and transport charges and other fees.
FortisBC estimates that the average customer in the Lower Mainland will see their monthly bill decrease by $7.50, roughly seven per cent, as a result of the lower gas charge. Actual savings could be greater or smaller depending on usage.
Customers in Fort Nelson in the province's northeast will see their bills decrease by $10.40, or about nine per cent, on average, FortisBC says.
"The cost of gas rate decrease will undoubtedly be welcomed and provide some relief to our customers on their gas bills especially at a time when other living expenses are high," says Joe Mazza, vice-president, energy supply and resource development at FortisBC, in a news release.
“Even with the cost of gas decreasing, we understand energy costs are an important consideration in household budgets and we are always here to support our customers if they need it.”
CTVNews.ca Top Stories
Western University researchers unlock potential 'cure' for ALS
New research out of London, Ont.'s Western University is shedding light on a potential cure for ALS, in which the targeting of the interaction between two proteins can halt or fully reverse the disease's progression.
Police release 3D images of young child found in an Ontario river two years ago
Police have released a three-dimensional image of a young child whose remains were discovered in the Grand River in Dunnville, Ont. almost two years ago.
A child killer legally changed his name in B.C. The province is trying to stop that from happening again
The BC NDP have tabled legislation aimed at stopping people who have committed certain heinous acts from changing their names.
Kamala Harris drops F-bomb during White House live-stream
U.S. Vice-President Kamala Harris used a profanity on Monday while offering advice to young Asian Americans, Native Hawaiians and Pacific Islanders about how to break through barriers.
B.C. man fighting for refund after finding someone living at Whistler vacation rental
Edwin Mostered spent thousands of dollars booking a vacation home in Whistler, B.C., for a group skiing trip earlier this year – or so he thought.
Avs forward Valeri Nichushkin suspended at least six months
Colorado Avalanche forward Valeri Nichushkin was suspended for at least six months without pay and placed in Stage 3 of the league's player assistance program.
Collapsed Baltimore bridge span comes down with a boom after crews set off chain of explosives
Crews conducted a controlled demolition Monday to break down the largest remaining span of the collapsed Francis Scott Key Bridge in Baltimore.
Security video caught admitted serial killer disposing of bodies in Winnipeg garbage bins
Security video caught admitted serial killer Jeremy Skibicki on multiple late-night outings, disposing of body parts in nearby garbage bins and dumpsters in the middle of the night.
Mortgage companies could intensify the next recession, U.S. officials warn
U.S. officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets and soaring delinquencies.