As of Jan. 1, 2019, FortisBC propane customers will see an overall decrease to their bills. The cost of propane for a residential customer decreases from $12.842 per gigajoule (GJ) to $10.621 per GJ, making it the lowest rate in two years.
The total overall decrease from the lower cost of propane is slightly offset by an approximate one per cent increase to delivery rates on an interim basis pending a final decision from the British Columbia Utilities Commission (BCUC) early in 2019. Overall, residential customers will see an annual decrease of $108 (11 per cent) on their bills.
The decrease to the cost of propane is due to healthy propane storage levels and relatively low oil prices over the past few months. FortisBC gas rates are regularly reviewed and approved by its regulator, the BCUC.
For more information about rates and to learn about the components of your bill, visit fortisbc.com/revelstokerates.
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 1,008,400 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. For further information visit www.fortisinc.com.