Image: FortisBC / Surrey-based FortisBC, formally known as FortisBC Energy Inc., said Friday morning (June 7) it has received approval from the British Columbia Utilities Commission (BCUC) to maintain the current cost of gas rate for its customers at $2.230 per gigajoule (GJ).

By Mike Vanden Bosch

FortisBC

FortisBC receives approval to keep gas rates unchanged

Jun 7, 2024 | 8:35 AM

SURREY — Surrey-based FortisBC, formally known as FortisBC Energy Inc., said Friday morning (June 7) it has received approval from the British Columbia Utilities Commission (BCUC) to maintain the current cost of gas rate for its customers at $2.230 per gigajoule (GJ).

In a statement, FortisBC says the BCUC reviews its cost of gas rate on a quarterly basis every three months and will next review it in September 2024.

“The cost of gas staying the same this quarter is good news for the families and businesses we serve, especially at a time when the cost of living is continuing to rise,” said Joe Mazza, vice-president of energy supply and resource development at FortisBC. “Commodity rates remain stable due to strong natural gas production volumes and high storage inventory in Western Canada.”

FortisBC states that it acquires natural gas at market-based prices and factors like supply and demand, noting that weather and economic conditions affect the price of natural gas in North America.

“We do not mark up the cost of gas, so our customers pay what we pay,” FortisBC said.

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Customers who have questions about their bill are encouraged to reach out. FortisBC’s customer service team can answer billing questions, provide information about energy-saving tips and offer payment plan solutions that align with customers’ personal needs.