FortisBC's rate change will save B.C.'s residents an average of between $90 and $125 per year on home heating bills.
Gas used to heat your home in B.C. is set to take a price cut, dropping bills up to $125 a year after the province’s largest gas utility received regulatory approval to adjust its cost.
The BCUC reviews Fortis’s gas costs every financial quarter to ensure the utility doesn’t earn a profit or mark up costs with swings in commodity prices. Fortis, meanwhile, says it will increasingly offer options to receive “renewable gas” as a way to contribute to decarbonizing B.C.’s energy sector — a province where, alongside transportation, emissions from buildings often make up the largest share of a municipality's carbon pollution.
FortisBC says making gas a key part of B.C.’s energy future would avoid expensive retrofits. In 2021, the company commissioned a report that claimed a mixed gas-electric future will still meet B.C.'s climate emission reduction targets and will save $100 billion. But those numbers could be way off. One recent report found errors in the way fugitive methane emissions are being tracked and suggests current estimates are under-reported and should be over 90 per cent higher. Even renewable natural gas could prove "climate intensive,” one 2020 study suggests.
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