For more information about rates, and what components make up a natural gas or propane bill, visit: fortisbc.com/rates. Even with the current cost of natural gas increase, natural gas prices in British Columbia remain among the lowest levels in almost 15 years. The rates are based on a “Standard 12-month rate model”, which means the rates (including the … Title: Document Description: Exhibit List: Updated: February 7, 2020 @ 11:37 am : Decision and Orders G-165-20, G-166-20: Decision with Orders G-165-20 and G-166-20 June 22, 2020 : Arguments. Delivery chargeThe delivery charge is based on consumption and pays for the cost of safely and reliably delivering gas through our system to our customer's home or business. These charges are set by various levels of government and collected by FortisBC on their behalf. FortisBC Energy Inc. owns and operates approximately 49,000 kilometres of natural gas transmission and distribution pipelines. Commerce Policy | FortisBC does not mark up the cost of natural gas or propane; the cost that FortisBC pays is what is passed on to customers. FortisBC acquires natural gas and propane at market-based prices, which are affected by factors like supply and demand and economic conditions in North America. FortisBC has received approval from the British Columbia Utilities Commission to increase the cost of gas for all its natural gas customers in the Mainland and Vancouver Island. carbon tax, Clean Energy Levy, goods and services tax and, in some municipalities, a municipal operating fee. Effective August 1, 2020, FortisBC received approval from the BCUC to implement a Clean Growth Innovation Fund. Approximately $89 per year, or 10 per cent annually. “We are committed to helping customers understand and manage the energy use in their homes,” he said. FortisBC Energy Inc. and FortisBC Inc. (collectively FortisBC) Multi-Year Rate Plan Application for 2020 to 2024 ~ Project No. FortisBC owns two liquefied natural gas operations – one near Fort St. John and the other on Vancouver Island – and production from these plants has helped keep natural gas prices at near record lows over the past several years, said Allison. This is … The delivery rate is what FortisBC charges to deliver natural gas service to customers. ", Mainland and Vancouver Island (including North and South Interior). We do not mark up these costs, and they are reviewed quarterly and set annually by the BCUC. "We understand that energy costs are an important consideration in household budgets and increasing bills, even by small amounts, have an impact," adds Roy. Cost of gasEvery three months, FortisBC reviews natural gas and propane cost of gas rates with the BCUC to make sure rates passed on to customers cover the cost of purchasing the gas on their behalf.
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