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

Port Alberni resident assaulted after confronting thief

RCMP warn residents to call for police assistance

Butterflies released in Port Alberni in memory of loved ones

Alberni Valley Hospice Society hosts fourth annual ‘Butterfly Effect’

Overpass, barrier, more parking considered for Cathedral Grove

Provincial government proceeding ‘with caution’

Ladybird ends undefeated season with Spring League championship

Port Alberni spring basketball league ended after three weeks of playoffs

Port Alberni riders compete in Pony Club championships in Courtenay

Two riders earn ribbons at regional competition

VIDEO: Tributes flow on 10th anniversary of Michael Jackson’s death

Jackson received a fatal dose of the anesthetic propofol on June 25, 2009. He died at age 50

WATCH: Killer whale has the final catch in North Coast waters

Fishing duel sees salmon stolen by eager orca in Prince Rupert waters

40 cats, kittens surrendered in apparent animal hoarding at Vancouver home

Officers found the cats living among piles of garbage and feces, suffering from fleas

Campers hailed heroes in rock face rescue at Vancouver Island provincial park

The campers quickly noticed the man in distress and jumped into the river to swim across.

Vancouver Aquarium drops cetacean ban lawsuit in new lease agreement

Ocean Wise CEO Lasse Gustavsson called the updated lease an exciting new chapter for the aquarium

Pedestrian struck by vehicle in Stz’uminus dies from injuries

A male pedestrian was struck in the early morning of June 25

Thieves steal two $40K chairs featuring gold serpents from Vancouver furniture store

Chairs believed to be the only two of its kind in Canada, police said

Poll: Rising gas prices force B.C. residents rethink summer road trips

63 per cent of respondents reported gas prices are impacting their day-to-day finances

PHOTO: Moose cow and calf relax in Williams Lake flower garden

The homeowners got a surprise when they checked their most recent surveillance footage

Most Read