Wed. Oct 4th, 2023
    Monthly Gas Bills to Decrease for British Columbia Natural Gas Users

    FortisBC, a leading utility in British Columbia, has announced that natural gas users in the province can expect to see a significant decrease in their monthly bills starting in October. The utility has obtained approval from the B.C. Utilities Commission to lower gas rates by over 90 cents per gigajoule, resulting in an estimated savings of about $7 per month for residential customers, depending on their consumption.

    The vice-president of energy supply at Fortis, Joe Mazza, stated that this reduction in rates will provide customers with much-needed financial relief as they approach the colder fall and winter seasons. Fortis recognizes that energy costs are a significant component of household budgets and is dedicated to delivering gas at the lowest reasonable cost.

    It is important to note that the price of natural gas is influenced by factors such as supply and demand, as Fortis purchases natural gas at market prices. The utility ensures that these costs are passed on to customers in a transparent manner.

    This decision by FortisBC comes as welcome news for natural gas users in British Columbia, who can now anticipate lower monthly bills and potential savings throughout the upcoming months. With the decrease in gas rates, customers can allocate their finances towards other essential expenses while keeping their homes warm and comfortable during the colder seasons.

    Source: B.C. Utilities Commission (Approval for FortisBC’s Gas Rate Decrease) and FortisBC (Statement on Gas Rate Decrease)