Monday, March 17, 2014

Fortis Gets Unasked For Rate Hike

Written by 107.5 KISS FM Monday, 17 March 2014 07:08
The cost to heat your home with natural gas is going up April first and it's going up more than Fortis BC wanted it to. Fortis goes to the BC Utilities Commission every quarter to ask permission to increase or lower rates. This time the commission told Fortis to raise them higher because stockpiles are low thanks to the cold winter back east. It means the cost for an average home will go up about $130 per year, however Fortis says it's almost the end of the heating season right now and it expects rates will drop in the fall
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FortisBC to increase natural gas and propane commodity rate
Rates and rate structures vary across the FortisBC natural gas service territory, and certain service areas will remain unchanged. Customers will see the following changes to their commodity rate effective April 1, 2014:

Lower Mainland, Fraser Valley, Interior, North and the Kootenays
Residential customers will see an increase to the commodity rate of $1.368 per gigajoule (GJ)

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