FortisBC to move to flat electricity rate by 2023

Utility to gradually reduce and increase necessary rates over next five years

FortisBC will be phasing out its two-tier electricity rate by 2023.

The BC Utilities Commission approved the energy companies request made in December 2017 to return to a single, flat rate on Thursday.

The two-tiered rate, also known as the residential conservation rate, was put in place in 2012 at the direction of the comission in order to encourage energy conservation. Customers pay a higher rate when their use exceeds 1,600 kilowatt hours over a two-month period.

FortisBC vice-president of regulatory affairs Diane Roy said in a news release the utility had applied to reverse the two-tier system after customers voiced concerns over limited conservation options, specifically those who have high energy needs.

The change will end in annual savings for about 30 per cent of customers who have had higher bills under the current system. Meanwhile, customers who saved through energy conservation will see their bill increase.

Over the next five years, FortisBC will gradually reduce rates of its higher energy users, and increase the lower-rate customers, until it reaches a flat rate.

Current rates are 10.11 cents for the first 800 kilowatt hours, and 15.61 cents for additional use. If a flat rate were to be implemented today, all residential customers would be charged 11.749 cents per kilowatt-hour, and a basic customer charge of $18.70 per month.

Like us on Facebook and follow us on Twitter.

Just Posted

Northwest mobile unit to help those at heart of mental health, addiction crisis

Province, Northern Health unveils new unit in Terrace to bridge gaps in services

New Mills Memorial project said to be on track

But Skeena MLA Ellis Ross not convinced

Bail hearing adjourned for April in Terrace manslaughter case

Veronica Leanne Bolton, 34, is accused in death of Rene Fagan, 85

Terrace Adult Hockey League raises $7,300 in memory of Curtis Billey

The money fundraised will be used towards a bursary in his name

City looks for consultant to develop marketing strategy for Industrial Park

Opportunities for development available, city says

VIDEO: Restaurant robots are already in Canada

Robo Sushi in Toronto has waist-high robots that guide patrons to empty seats

Permit rejected to bring two cheetahs to B.C.

Earl Pfeifer owns two cheetahs, one of which escaped in December 2015

Real-life tsunami threat in Port Alberni prompts evacuation updates

UBC study says some people didn’t recognize the emergency signal

Care providers call for B.C. seniors’ watchdog to step down

The association also asks the province to conduct an audit and review of the mandate of her office

Sulphur dioxide level peaks in Kitimat

Levels rise to over 60 parts per billion

Nitro Cold Brew Coffee from B.C. roaster recalled due to botulism scare

“If you purchased N7 Nitro Cold Brew Coffee from Cherry Hill … do not drink it.”

B.C. man gets award for thwarting theft, sexual assault – all in 10 minutes

Karl Dey helped the VPD take down a violent sex offender

Nowhere to grieve: How homeless people deal with loss during the opioid crisis

Abbotsford homeless advocate says grief has distinct challenges for those living on the streets

ICBC shifts to Alberta model, with higher rates, private insurers say

B.C. public insurance includes funding enforcement, driver licensing

Most Read