Close X
Thursday, November 14, 2024
ADVT 
National

FortisBC holds line on natural gas prices

Darpan News Desk The Canadian Press, 17 Mar, 2021 06:23 PM
  • FortisBC holds line on natural gas prices

Natural gas supplier FortisBC says prices won't change for at least another three months, but other charges such as the provincial carbon tax still have the potential to increase the customer's bill.

A statement from FortisBC Energy Inc. says the British Columbia Utilities Commission has approved the plan to maintain natural gas prices at current levels for all customers until June 30.

But the B.C. carbon tax, which applies to fuels including natural gas, is set to increase on April 1 from $40 to $45 per tonne, after the hike was twice delayed in March and September of last year during the COVID-19 pandemic.

With taxes and other charges excluded, Fortis says current natural gas prices amount to $2.844 per gigajoule for Lower Mainland, Vancouver Island, Whistler and Revelstoke customers, and $2.999 for customers in Fort Nelson.

The Canada Energy Regulator estimates the average Canadian home fuelled by natural gas uses just over 88 gigajoules annually.

FortisBC charges a flat fee to recover fixed costs, a delivery charge and a storage and transport fee, but Diane Roy, vice-president of regulatory affairs with FortisBC, says the utility makes no profit on the cost of natural gas.

"We understand that energy costs are an important decision in household budgets," Roy says in the statement on Wednesday. "Our priority remains to deliver safe and reliable energy to our customers while working to keep rates as low as possible."

FortisBC delivers natural gas and electricity to about 1.2 million customers in the province.

MORE National ARTICLES

Former PM Stephen Harper sees new Cold War

Former PM Stephen Harper sees new Cold War
While middle-power countries like Canada have a role to play in that war, Harper told a defence conference today that they can't try to set their own courses completely independent of the big two.

Former PM Stephen Harper sees new Cold War

Two B.C. officers face assault charges

Two B.C. officers face assault charges
The release says the vehicle was stopped and the driver arrested in Richmond with the help of another RCMP officer, but the man was allegedly assaulted during the arrest.

Two B.C. officers face assault charges

Horgan cool on vaccine passports within B.C.

Horgan cool on vaccine passports within B.C.
Horgan says B.C. will monitor the situation as the pandemic continues and the prospect of implementing something that gives proof of vaccine hasn't been completely ruled out.

Horgan cool on vaccine passports within B.C.

Ottawa funds development of B.C. geothermal field

Ottawa funds development of B.C. geothermal field
The money will be spent on the Clarke Lake field near the community of Fort Nelson, which is nearing depletion after nearly 60 years of production. That, combined with low natural gas prices, have reduced investment and employment from the resource.

Ottawa funds development of B.C. geothermal field

B.C. urged to protect at-risk old growth forests

B.C. urged to protect at-risk old growth forests
Just over 13 million hectares of old forests remain in B.C., according to provincial data. The report notes as much as 80 per cent of that land consists of smaller trees with lower commercial value.

B.C. urged to protect at-risk old growth forests

Jobless data shows strong B.C. economy: NDP

Jobless data shows strong B.C. economy: NDP
A statement from the Jobs, Economic Recovery and Innovation Ministry says employment has been created in B.C. in each of the last 10 months and the province has one of the strongest economies in Canada.

Jobless data shows strong B.C. economy: NDP