April 1st the carbon tax went up from $65 to $80 a ton for carbon.
For gasoline that relates to a 4c per liter change. Over the next six years the carbon tax will go from $80 to $170 in 2030.
What does this mean, well lets do some math, 170 - 65 = $105
If each $15 is 4c then 105 / 15 x 4c = 28 cent increase.
That would mean the price of gas will go up from $1.36 to $1.64,
which is a 20.5% increase.
My math implies this will mean that the carbon tax will be roughly 45c on every liter of gas.
Now what about natural gas?
Before April 1, 2024 the price of carbon tax on natural gas was 12.4 cents / cubic meter, after April 1 it moved up to 15.3 cents / cubic meter. That is a 2.9c increase.
If each $15 is 2.9c then 105 / 15 x 2.9c = 20.3 cent increase
Now when I translate this to may Fortis gas bill it is hard to do the math from my cost's measured in GJ's. So I just did the math as a ratio of my current BC carbon tax amount to what the future amount will be.
Current: $176 / 65 per ton charge to ? / 170 per ton.
That works out to $ 460 as the future carbon tax amount at $ 170 per ton.
Which is a 261% percent increase.
So if you want to multiply your natural gas carbon tax amount by 2.61 it should give you the new cost of your monthly carbon tax on your natural gas bill.
But with all of the other charges on my bill how much will this increase my bill total. If I take my total bill of $ 1,358.19 and subtract out the old carbon tax of $176.49 and add in the new carbon tax of $460 it would cause the bill to go up to $ 1641.70.
Or a total bill increase of 20.8%, or multiply your current bill by 1.208.
FYI this bill is on a commercial property which is 7500sqft which is why it is so high.
I hope this gives you some insight into where the final values of the carbon tax will be.
And helps you make decisions upon that information.
If you don't like my math, feel free to let me know.
Jonathan