Fortis rates to hold steady

Are you a Fortis customer? Good news inside.

Electrical rates will hold steady this year.

The BC Utilities Commission approved FortisBC’s request to maintain its 2018 electricity rates in 2019. FortisBC’s last electric rate change took place in 2017, meaning that rates have been at the same level for three years.

“Recent customer growth, in addition to finding savings in our operations over the past few years, are two of the factors keeping rates steady for our electric customers this year,” said Diane Roy, vice-president, regulatory affairs, FortisBC, in a press release.

READ MORE: FORTIS CUSTOMER SHOCKED BY HIGH CARBON TAX ON GAS BILL

“With this decision, our electric rates continue to be below average when compared to other cities across Canada including Calgary, Toronto and Halifax, and that’s made the region attractive to emerging industries.”

Each year, FortisBC submits an application for BCUC approval that determines the rates for the following year. As part of this process, FortisBC determined that existing rates were sufficient to meet its revenue requirements for 2019. The 2018 rates stayed in place as interim rates while the BCUC considered the application; this decision makes these rates permanent for 2019.

“Revenue requirements include everything we do to provide service and keep the system maintained, from our hydro facilities that generate clean power in the Kootenays to the many assets that bring power to homes, businesses and communities in B.C.’s southern interior,” said Roy.

READ MORE: BALKING AT BILL

Customer growth has been largely driven by new energy-intensive industries who are attracted to FortisBC’s clean, reliable power at lower rates than other jurisdictions. Some of the projects now underway to maintain this reliability include comprehensive maintenance and upgrades in Creston and the South Okanagan, as well as multi-year upgrades to two hydroelectric facilities.

Earlier this year, the BCUC also granted FortisBC approval to return to a single, flat rate for its residential customers by 2023. For more information about how rates are set and current rates, or to estimate how the return to a flat rate will affect your annual electricity costs, visit fortisbc.com/electricrates.

To report a typo, email:
newstips@kelownacapnews.com
.


@KelownaNewsKat
kmichaels@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Kelowna RCMP search for missing senior

Cathy Wilson has dementia and was seen leaving her care facility in Rutland

Kelowna community bike ride raises $120,000 for charity

Money from the Payton & Dillon Budd Memorial Ride went to the Canadian Mental Health Association

More road closures planned due to construction in Kelowna

Hart Road and Grantham Road in Kelowna will be closed beginning Thursday

Okanagan College culinary students experience local Indigenous flavours

Traditional Okanagan-Syilx styles were taught by Westbank First Nation Elders

Multi-Generational Activity Centre is officially underway in Lake Country

Federal government provides an extra $585k to support the project

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Every situation is different, jurors hear at coroners inquest into Oak Bay teen’s overdose death

Pediatrician says involuntary treatment necessary following overdose, opioid use

RCMP across Canada to soon unionize, according to B.C. mayor

A spokeswoman for RCMP headquarters in Ottawa says it’s not yet a done deal

Missing and murdered Indigenous women remembered at Okanagan rally

Red Dress campaign honours the memory of missing and murdered Indigenous women across Canada

Explicit sex-ed guide for adults mistakenly given to Creston elementary students

The booklet clearly states online and inside that the guide contains sexually explicit information

Driver has $240K McLaren impounded minutes after buying it in West Vancouver

Officers clocked the car travelling at 160 km/h along Highway 1 in a 90 km/h zone

Public tip leads to seizure of drugs and weapons in North Okanagan

Concerned citizen spots male sleeping in car in residential area

Still months of investigation left into South Okanagan murders

Penticton came to a standstill on April 15, when John Brittain allegedly shot and killed four people

Most Read