Media centre details

FortisBC propane customers in Revelstoke to receive rate relief

Oct 5, 2020

SURREY, B.C., October 5, 2020 – FortisBC Energy Inc. (“FortisBC”) has received approval from its regulator, the British Columbia Utilities Commission, for a common commodity portfolio for propane and natural gas customers effective January 1, 2021. This means that Revelstoke customers receiving propane will pay the same commodity cost as the rest of FortisBC’s natural gas customers, outside of Fort Nelson.

This approval means reduced rates and greater stability to the cost of propane for Revelstoke customers as historically, natural gas prices are less volatile than propane prices.

For example, today, customers in Revelstoke are paying $11.722 per gigajoule for the cost of propane; conversely, FortisBC’s customers, outside of Fort Nelson, are paying $2.844 per gigajoule for the cost of natural gas. Various factors including supply and demand, production costs and global oil markets all influence both natural gas and propane prices.

For more information about rates, visit fortisbc.com/rates.

 

Media contact

Diana Sorace
Corporate Communications Advisor
FortisBC Energy Inc.
T: 604-328-0790
diana.sorace@fortisbc.com
fortisbc.com
24-hour media line: 1-855-322-6397

FortisBC Energy Inc. is a regulated utility focused on providing safe and reliable energy, including natural gas, propane and thermal energy solutions. FortisBC Energy Inc. employs more than 1,800 British Columbians and serves approximately 1,029,000 customers in 135 B.C. communities. FortisBC Energy Inc. owns and operates approximately 49,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Energy Inc. is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry. FortisBC uses the FortisBC name and logo under license from Fortis Inc. For further information visit www.fortisinc.com.