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

WATCH: Our Place Therapeutic Recovery Community turns into a ‘place of healing’

500 volunteers, 120 businesses worked to transform View Royal community

A party for 11 pups and their adoptive families in Beckwith Park in Saanich

The coonhound siblings reunited at a barbeque on Saturday

HarbourCats bats hot in home return

Victoria squad downs Yakima Valley Pippins 17-2

Victoria veteran receives French Legion of Honour, becoming knight of France

Ted Vaughan was a pilot in the 408 “Goose” Squadron in WW2

Witness the passion and fire of flamenco in Victoria this July

Seventh annual Victoria Flamenco Festival features free and ticketed performances downtown

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Canadian high school science courses behind on climate change, says UBC study

Researchers found performance on key areas varies by province and territory

Six inducted into BC Hockey Hall of Fame

The 26th ceremony in Penticton welcomed powerful figures both from on and off the ice

RCMP investigate two shootings in the Lower Mainland

Incidents happened in Surrey, with a victim being treated at Langley Memorial Hospital

CRA program to help poor file taxes yields noticeable bump in people helped

Extra money allows volunteer-driven clinics to operate year-round

Recall: Certain Pacific oysters may pose threat of paralytic shellfish poisoning

Consumers urged to either return affected packages or throw them out

How a Kamloops-born man helped put us on the moon

Jim Chamberlin did troubleshooting for the Apollo program, which led to its success

Sexual harassment complaints soaring amid ‘frat boy culture’ in Canada’s airline industry

‘It’s a #MeToo dumpster fire…and it’s exhausting for survivors’

Most Read