FortisBC has received regulatory approval from the British Columbia Utilities Commission (BCUC) to decrease natural gas bills for the majority of its customers starting in 2020.
“Natural gas continues to be an affordable option to heat a customer’s home and water when compared to other energy choices in British Columbia,” said Dennis Swanson, FortisBC’s vice-president of energy supply and resource development. “And since we don’t mark up the cost of natural gas, our customers pay what we pay.”
While the cost of natural gas remains steady, storage and transport costs are decreasing overall. Last winter, significantly reduced pipeline transportation capacity impacted natural gas supply in the region and led to increased storage and transport rates for FortisBC’s customers in 2019. But with regional pipeline transportation capacity returning to more normalized levels this winter, customers will see a decrease to the storage and transport rate on their bills for 2020.
On the Mainland and Vancouver Island (including the north and south interior, a residential customer’s overall bill is decreasing by approximately two per cent or $18 for the year based on the average annual usage of 90 gigajoules (GJ).