As of July 1st, Revelstoke residential customers of FortisBC will see a decrease to their cost of propane rate from $11.446 per GJ to $9.448 per GJ. Based on an annual average consumption of 50 GJ, this works out to an overall decrease of approximately $100 for a full year, or 11 per cent.
FortisBC has received regulatory approval from the British Columbia Utilities Commission (BCUC) to maintain the cost of natural gas for the majority of natural gas customers from the period of July 1 to September 30, 2019. Natural gas customers in Fort Nelson and propane customers in Revelstoke can look forward to a decrease in their energy bills.
“With over one million natural gas customers and more than half of B.C. homes using natural gas, FortisBC is proud to serve users with a high-quality energy source at a continued fair price,” said Dennis Swanson, FortisBC’s vice-president of energy supply and resource development. “FortisBC does not mark up the cost of natural gas or propane, so our customers pay what we pay. The cost of gas remains low for us, which in turn means we can pass these savings along to our customers.”
Natural gas rates in British Columbia continue to remain near their lowest levels in over a decade while the cost of propane has not seen a decrease since December 2018, until now.
“Natural gas is a popular choice for British Columbians looking for affordable and reliable ways to heat their homes,” shared Swanson. “For anyone considering making the switch to natural gas, this is a good time to do it.”