AIF on sedar Exaggeration?
"Additionally, the utility has been provided authority from the provincial regulator to pay up to $30/GJ for pipeline quality and purified biomethane with in-province projects prioritized for supply contracts."
Renewable Natural Gas in B.C. is Now More Affordable Than Ever
This means the rate for the RNG commodity will change from the current price of $14.41 per GJ to $10.209 per GJ. For comparison, the newly approved premium for Renewable Energy over conventional Natural Gas is now be only $0.025 per kilowatt hour versus the current premium of approximately $0.040 per kilowatt hour.
Based on the FortisBC RNG program structure, an average residential customer voluntarily participating in the RNG program by designating 10% use as RNG will expect the annual premium to drop by about $381.
Today, FortisBC already has over 7,000 customers participating voluntarily in its RNG program. The decision is expected to spur even more demand for RNG in BC.