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Fuel Price Trends

The Impact on Your Bill

The Fuel Factor rate on your electricity bill represents the cost of fuel purchased in a month to generate electricity. This rate rises and falls with fuel prices on the global market and is beyond the Company’s control. It is charged per kilowatt hour of electricity used.

The rate is calculated as set out by law, and there is no markup by FortisTCI on the cost of fuel. The calculation of the rate is authenticated each month by the Government’s Energy and Utilities Commissioner’s Office before the release of bills. The fuel factor rate is a common charge from electric utilities and may be called by other names, for example, energy charge or fuel surcharge. Monitor our fuel factor rate notices so you can know what to expect on your electricity bill.

 

Fuel Factor Rates Update: March 2025

Dear Valued Customer,

Fuel factor rates have been steadily declining, and this month, customers will see a decrease of up to 2% across so...

Fuel Factor Rates Update: February 2025

Dear Valued Customer, 

Fuel factor rates have declined over the past few months and February's electricity bills have decreased...

Fuel Factor Rates Update: January 2025

Dear Valued Customer, 

Fuel factor rates on January electricity bills have decreased by up to 3% across some service territories.&nb...

Fuel Factor Rates Update: December 2024

Dear Valued Customer, 

Fuel factor rates on December electricity bills have decreased by up to 7.7% across some service territories....

Fuel Factor Rates Update: November 2024

Dear Valued Customer,

Fuel factor rates on November electricity bills have slightly increased and decreased across some service territori...

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