Utilities in British Columbia
Most electricity and natural gas utilities in British Columbia are natural monopolies, meaning that when it comes to selecting energy utilities, residents typically have a single, stable, regulated option, called a Public Energy Utility. B.C.'s regulated approach aims to protect residents from market volatility.
This is true for electricity, while one natural gas exception is the Customer Choice Program, which allows homeowners to choose between Public Energy Utilities and Independent Gas Marketers. The option to purchase your natural gas through Independent Gas Marketers may or may not be available depending on where you live. Further dependent on your location is water; you may receive water through a public or private utility, but this varies from one municipality to the next.
Public Energy Utilities
BC Hydro provides electricity to all but five municipalities: Nelson, New Westminster, Grand Forks, Penticton, and Summerland. These communities sell electricity directly to their residents..
Independent Gas Marketers
With a fixed rate, your bills will still vary each month but the price you pay per unit of energy (per kilowatt-hour per gigajoule (GJ) of natural gas) will remain the same, or "fixed". If you select a fixed rate, your utility company is guaranteeing that your utility rate will stay the same for a specified period of time.
It is important to note that, even if you choose an Independent Gas Marketer, you may still be billed by a Public Energy Utility, as they deliver the service.
Potential benefits of an Independent Gas Marketer
- Locking in a price for a specific term can provide peace of mind
- Fixed prices can protect you against sudden market rate increases from fluctuations in the natural gas market
Potential risks of an Independent Gas Marketer
- Marketing costs are built into the rate
- You will pay early exit fees for canceling your services
- If rates drop, you don’t share in the savings
Water and sewage services
Depending on whether you live in an urban or rural community, water and sewage services will be provided by either your municipality (if you live in an urban center) or by a private utility (for rural communities).
For more information, visit your local municipality's website.