Wednesday, December 19, 2007

Surprise,Surprise, The Cost To Heat Your Home Is Going Up

250 News

Terasen Gas has been given approval for a 4% rate increase for its delivery costs for natural gas in most sections of the province. The British Columbia Utilities Commission has now approved the request which will see the price of natural gas increases effective Janauary1st-2008.The 4% increase is expected to raise the price for natural gas to the average home in this region by about $43 to $52 dollars per year. That figure depends largely on the size of the home and the amount of product being burned.Terasen supplies natural gas throiugh its lines in Prince George to customers and the city. Under the franchise agreement with the city, the city stands to increase its revenue from the company through this latest increase.

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Don Quixote Note:

A HIDDEN TAX in your GAS BILL.
UPDATE OF OLD ARTICLE: If you live in Vernon or Coldstream take a good look at your Terasen Gas Bill. You will have a 3.09% Franchise fee charged on it. This is 3.09% of the total that you pay for gas consumed and delivered. To make it more crazy the Federal Govt charges you GST on the Franchise Fee.WHERE DOES THIS MONEY GO? If you guessed "my local municipal government" you are correct. Every time the price of gas goes up your City benefits. Remember that next time they complain about gas prices and the effect on arena heating etc. In 2006 the City of Vernon collected $550,000 on this fee. Total since 2000 $3,168,152

Estimate was for $570,000 in 2007 when it is complete and $570,000 has been budgeted for 2008. (This 2008 budgeted amount can be confirmed as to exact amount in early 2008 with a phone call to Terasen as they accumulate the money in an account at year end and pay the City on Nov. 1 of 2008. They get free use of the money for 10 months. )

For those blogreaders in Coldstream the franchise fee is $154,000 in 2007 with same amount budgeted for 2008.

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