B.C. Utilities Commission approves energy-based rates for FortisBC's EV charging stations
Drivers will now only pay for the energy they use rather than the time they spend charging
KELOWNA, BC, July 3, 2024 /CNW/ - Drivers who charge an electric vehicle (EV) at FortisBC Inc.'s (FortisBC) charging stations will soon see a change in how the total amount they pay is calculated. Instead of paying a per minute cost for charging an EV, customers will pay based on the actual amount of electricity they use.
"Using energy-based rates ensures that all drivers pay the same rate for the electricity they use regardless of charging speed," said George Thompson, EV infrastructure and investment manager. "Supporting customers who are choosing low- and zero-carbon options for transportation is one of the ways FortisBC is helping to reduce overall greenhouse gas emissions in our province."
Under the new energy-based rates, drivers will pay $0.39 per kilowatt hour (kWh) at all stations beginning August 1, 2024. This change implements the British Columbia Utilities Commission's (BCUC) approval of FortisBC's application to move from time-based to energy-based rates at all 22 of its EV fast charging locations, and is in line with other public charging services in B.C.
The BCUC decision also gives FortisBC the option to implement in the future an idling charge of $0.40 per minute for vehicles that remain at charging stations more than five minutes after the EV has finished charging. This could help reduce the time other customers have to wait to use a charging station during busy periods.
Investing in low- and zero-carbon transportation vehicles and infrastructure is one of the ways FortisBC is working to reduce overall greenhouse gas emissions in support of the province's climate action goals, including their commitment to reach net zero by 2050, as laid out in the CleanBC Roadmap to 2030.
FortisBC currently owns and operates 42 Direct-Current Fast Charging stations at 22 sites across its electricity service area in B.C.'s Southern Interior. This includes higher-powered 100-kilowatt (kW) chargers, which can charge faster than the standard 50-kW chargers. Since opening its first public charging station in 2018, more and more drivers have been using FortisBC's charging stations each year. In 2023, drivers charged up their vehicles 38 per cent more often than in 2022.
For more information about FortisBC's EV charging stations and its ongoing efforts to promote low- and zero-carbon transportation, visit fortisbc.com/ev.
About FortisBC Inc.
FortisBC Inc. is a regulated utility focused on providing safe and reliable electricity at the lowest reasonable cost. FortisBC Inc. employs approximately 556 British Columbians and serves approximately 187,920 direct and indirect customers in B.C.'s Southern Interior. FortisBC Inc. owns and operates four regulated hydroelectric generating plants, as well as approximately 7,316 kilometres of transmission and distribution power lines. FortisBC Inc. is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry. FortisBC Inc. uses the FortisBC name and logo under license from Fortis Inc. For further information on FortisBC, visit fortisbc.com. For further information on Fortis Inc., visit fortisinc.com.
SOURCE FortisBC Inc.
MEDIA CONTACT: Gary Toft, Senior corporate communications advisor, FortisBC, Phone: 604-219-0809, Email: [email protected], fortisbc.com, 24-hour media line: 1-855-322-6397
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