Fortis Natural Gas Rates going up.

Commodity rates passed on to customers without markup

Surrey, BC –  ​FortisBC has received approval from the B.C. Utilities Commission (BCUC) regarding changes to natural gas commodity rates and delivery rates effective July 1, 2013.

Customers will see changes as follows on July 1, 2013:

Current Rates to be changed July 1, 2013

Lower Mainland, Fraser Valley, Interior, North and the Kootenays

• Residential customers will see an increase to the commodity rate of $0.936 per gigajoule (GJ). As part of the BCUC’s review of the regulated rate of return for energy utilities in B.C., delivery rates for customers in these regions will decrease $0.294 per GJ. The combined rate change means an increase of $0.642 per GJ, or approximately $61 per year for an average residential customer in the Lower Mainland using approximately 95 GJ.

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Don Quixote Note: 
July 1, 2013 Rate Changes

• It appears Delivery Charge will decrease from 3.691 per GJ to 3.397 (Decrease of .294/GJ. )
• It appears Cost of gas per GJ will increase from 2.977 /GJ to  3.913/GJ . (Increase of .936/GJ. ) 
• Midstream Rate charge no change at 1.159 GJ

Net Overall per GJ increase is .642/GJ. (An effective 8.2% increase) (7.827/GJ )(Old) to 8.469 GJ (New)

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Jan 1, 2013  Rate Changes:

• Delivery Charge will increase from 3.375 per GJ to 3.691 (Increase of .316/GJ. )
• No Change in  Cost of gas per GJ will stay at 2.977 /GJ 
• Midstream Rate charge decrease from 1.339GJ to  1.159 GJ (decrease of .18 GJ.

Net Overall per GJ increase is .136/GJ (An effective .98% increase) (7.691 )(Old) to 7.827/GJ (New)