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

Spring street sweeping starts

Vernon’s street sweeping and flushing will occur every day for the next four to six weeks.

PHOTOS: Spring has sprung in the Okanagan-Shuswap

The new season is bringing warm weather across the region

Vernon RCMP kick off impaired driving prevention week with drunk driving arrest

Impaired Driving Prevention Week encourages Canadians to drive sober.

Dust advisory continues for a third day

It is recommended that persons with chronic underlying medical conditions postpone strenuous exercise until the advisory is lifted.

VIDEO: Sunny skies in the forecast makes for a great start to spring

Mostly sunny skies with a chance of rain by Friday evening in the Okanagan Valley

B.C. man sentenced for tying up, assaulting and robbing another man at hotel

Gabriel Stephen Nelson robbed and assaulted travelling businessman in Nanaimo in 2017

Deadline extended through April to nominate top B.C. educators

Second year of Premier John Horgan’s awards offers $3,000 bursary

B.C. girl and her toy monkey make videos to fight negativity on Facebook

Ava Ast created the Ava and Cello’s Good Deed Page last month

Detective dog, from Nelson, joins fight to combat invasive mussels

K9 Major will be on the road starting this month, hunting for quagga and zebra mussels

No cause yet for grassfire near Kamloops

Fire was about 1.8 hectares in size

Paramedic staff shortage at critical level: B.C. union

A number of units were out of service due to lack of staffing in Lower Mainland, union says

B.C. lottery winner being sued by Surrey co-workers

They claim he owes them $200,000 each, in a lawsuit filed in B.C. Supreme Court in Vancouver

Case made for free tampon dispensers in schools

Advocate says access, anonymity key to providing less stressful experience for female students

Most Read