When most costs of living are rising, natural gas bills will not.
Thanks to approval to keep rates steady from the British Columbia Utilities Commission, Metro Vancouver residents won’t see any changes to their natural gas bills.
"While April is typically a time when many costs and rates in other sectors are increasing, the cost of natural gas is not,” Diane Roy, vice-president, regulatory affairs at FortisBC said in a press release.
In January the cost of natural gas hit one of the lowest levels in the past decade. The rates went down and residents in Lower Mainland saw an overall annual decrease of six per cent or $45.
FortisBC is regulated by the BCUC and all rate changes need to be approved by the commission. Every three months, FortisBC and BCUC review the cost of gas rates to make sure they are fair and competitive.