The World Forum - June 17th, 2024

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Natural gas price hikes will fuel inflation and hit low-income Canadians the hardest


After almost two years of supply shortages and cost increases due to the COVID pandemic, here’s one more thing that’s going up in price this winter: natural gas.

Already, a number of Canadian natural gas distributors have hiked their rates.

FortisBC Energy Inc., British Columbia’s largest natural gas distributor, warned in September it would increase rates starting in October, with the majority of customers expected to pay around $8 more a month.

Ontario’s Enbridge Gas said the typical residential customer will see a bill increase of about $7 to $44 a year depending on where they live.