Gas Prices Dropping for FortisBC Customers
FortisBC, a Canadian energy company, recently announced that it will be decreasing the cost of natural gas for its customers. This is great news for those who rely on natural gas for their heating and other energy needs.
What is FortisBC?
FortisBC is a Canadian energy company that provides natural gas and electricity to customers in British Columbia. It is a subsidiary of Fortis Inc., a Canadian-based energy company that operates in Canada, the United States, and the Caribbean. FortisBC is the largest natural gas distributor in British Columbia, serving over 1.1 million customers.
Why is the Cost of Gas Decreasing?
The cost of natural gas is decreasing for FortisBC customers due to a decrease in the cost of natural gas on the open market. This decrease is due to a combination of factors, including increased production from natural gas producers, increased storage capacity, and decreased demand due to the COVID-19 pandemic.
How Much Will Prices Decrease?
FortisBC customers can expect to see a decrease of up to 10% in their natural gas bills. This decrease will be applied to customers’ bills starting in April 2021 and will remain in effect until March 2022.
What Other Benefits Will Customers Receive?
In addition to the decrease in natural gas prices, FortisBC customers will also receive other benefits. These include a one-time credit of up to $50 for residential customers and up to $100 for small business customers. This credit will be applied to customers’ bills in April 2021.
What Other Options Are Available?
FortisBC customers have other options available to them to help reduce their energy costs. These include energy efficiency programs, such as the Home Energy Rebate Program, which provides rebates for energy-efficient appliances and home improvements. Customers can also take advantage of FortisBC’s natural gas conservation programs, which provide incentives for customers to reduce their natural gas consumption.
What Else Should Customers Know?
FortisBC customers should be aware that the decrease in natural gas prices is only temporary. Prices are expected to increase in the future, so customers should take advantage of the current lower prices while they can.
Conclusion
FortisBC customers can expect to see a decrease in their natural gas bills of up to 10% starting in April 2021. In addition to the decrease in prices, customers will also receive a one-time credit of up to $50 for residential customers and up to $100 for small business customers. Customers should take advantage of the current lower prices while they can, as prices are expected to increase in the future.