Business electricity rates

The rate you pay for your electricity covers the cost of providing you with electricity service. Rates are subject to change. Electricity rates are reviewed annually and how rates are designed is reviewed approximately every five years. The BC Utilities Commission (BCUC) reviews and approves all rate decisions.

About rates

The rates are designed to cover the cost of everything we do to bring electricity to your business, from buying or generating electricity to sending it along the many power lines, substations and poles in between.

Find current rates for businesses.

How rates are designed

Rate design determines how rates are structured; that is, how much revenue is collected from each customer class, such as residential or commercial, so that each class is fairly charged for their share of the cost of providing their service. Rate design also determines how rates are structured for each rate class.

Find out how rates are designed.

Current rate decisions

FortisBC’s electricity rates are reviewed annually by the BCUC. On January 1, 2024, FortisBC's electricity rates increased by 6.74 per cent.

Learn more about the latest electric rate decision.