Fortis B.C. said Wednesday the majority of its customers will see their natural gas bills go down in the coming year, with Vancouver Island customers saving about $18 on their annual bill.
The utility received regulatory approval from the British Columbia Utilities Commission, the regulating body responsible for reviewing and approving rates, to decrease natural gas bills to start 2020.
While the cost of natural gas remains steady, storage and transport costs are decreasing overall, Fortis B.C. said.
The company said significantly reduced pipeline transportation capacity last winter affected natural-gas supply and led to increased storage and transport rates for Fortis B.C. customers in 2019.
Fortis B.C. said with regional pipeline transportation capacity returning to more normalized levels this winter, customers will see a decrease to the storage and transport rate on their bills for 2020.
For residential customers on the Mainland and Vancouver Island, the overall bill is decreasing by about two per cent, or $18 for the year, based on the average annual usage of 90 gigajoules.