FortisBC has announced that its electric rates will be holding steady in 2019.
“Recent customer growth, in addition to finding savings in our operations over the past few years, are two of the factors keeping rates steady for our electric customers this year,” regulatory affairs vice-president Diane Roy said in a press release.
“With this decision, our electric rates continue to be below average when compared to other cities across Canada, including Calgary, Toronto and Halifax, and that’s made the region attractive to emerging industries.”
There is a chance, however, that there could a small adjustment to residential rates later this year as FortisBC starts to implement its return to a single flat rate by 2023.
The last time FortisBC increased its electricity rate was in 2017.
Each year, FortisBC submits an application for BC Utilities Commission approval that determines the rates for the following year. As part of this process, FortisBC determined that existing rates were sufficient to meet its revenue requirements for 2019.
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