October 1, 2013
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Starting October 1, 2013, you will see a decrease to your natural gas bill.
The BCUC has approved a commodity rate decrease for residential customers in the Lower Mainland by $0.64 per gigajoule (GJ).
Natural gas, like oil and propane, is traded on the North American open market, and prices have fallen since their recent high this past spring following the mild summer on the East Coast, resulting in less demand for power, which is often generated by natural gas.
This will result in a reduction of approximately $61 per year for residential customers, if you consume 90 GJ annually.
Rates and rate structures vary across our FortisBC natural gas service territory. Therefore, these approved changes include commodity and delivery changes for some customers, while others in certain service areas will remain unchanged.
Read the news release to see the changes in your area.
Cost of gas
FortisBC doesn't mark up the cost of gas.
You pay what we pay. Natural gas is a commodity traded on the open market, like oil, coffee or lumber. We don't earn a profit on the price of the commodity. We buy gas on behalf of our customers at the best possible price and our customers pay that exact price, without any markup. Read more