The cost of electricity is staying the same for the rest of the calendar year.
The B.C. Utilities Commission approved FortisBC’s request to maintain 2017 electricity rates in 2018. An interim rate, which was the 2017 price, was put in place until BCUC made its decision.
“We’re pleased our customers will see no change to their electricity rates this year,” FortisBC’s vice-president of regulatory affairs, Diane Roy, said in a press release. “Keeping rates as low as possible is always a priority for us, and this year’s results reflect the success we’ve had in reducing costs while continuing to make necessary system improvements.”
FortisBC says its rates are below average when compared to other North American cities, “even though it has invested more than $1 billion in system upgrade projects since taking over the utility in 2004. The cost of these past projects is now absorbed into rates through smaller, annual increments that ensure the investments are recovered over the life of the upgrades.”
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