Prince George, B.C.- Terasen Gas is expecting to hear word soon if it will be allowed to reduce its rates.

 

Terasen had applied to the B.C. Utilities Commission on the 5^th of September to trim its commodity rates for customers in most of the province.

 

In the Interior, North, Lower Mainland, Fraser Valley, and the Kootenays the proposed decrease would drop the commodity price of natural gas by $1.86 per gigajoule. The decrease works out to an annual savings of about 12 per cent or between $177 and $204 per year, depending on consumption levels. The decreases will not impact the commodity rates for those customers participating in the Customer Choice program.

 

 

In the Fort Nelson area, the proposed decrease would reduce the commodity price of natural gas by $1.73 per gigajoule.  For the household consuming an average of 160 gigajoules per year, this works out to a savings of approximately 15 per cent, or $276 on the total annual gas bill.

 

 

The rate reduction would not apply to customers on Vancouver Island, Sunshine Coast and Powell River since they are covered by a different regulatory agreement. Customers in this region did not experience the increases that were felt by other regions in the province this past April and July.

 

 

If approved, the reductions would take place October 1^st.