Renting Well Blog

Landlords Are Getting Pooched By Utility Companies

Let’s be honest. We’re all kind of getting pooched by utility companies. With that said, it’s clearly a dog’s breakfast in New Brunswick, where everyone is paying 8 times what people are paying in Ontario, for natural gas. You read that right – 8 times!

“It’s just ridiculous,” said Marilyn Bogle of her $4,300 February gas bill on a four-unit building in west Saint John. “We’ve heated this building all month and now I get this bill. Where do I get the money to pay this.”

Bogle says her building generates $3,000 a month in rent, which is inclusive of heat for her tenants. A recent bill shows she was charged $52.51 per giga joule plus tax for gas in February — which is almost certainly a Canadian record. It’s eight times more than apartment owners pay for natural gas in Ontario, and double the cost of heating with electricity.

New Brunswick’s Energy and Utilities Board was so alarmed about escalating gas prices in January that it issued a warning to consumers of likely price spikes coming in February. But nothing compels retailers to disclose what those price spikes are until customers are billed for them, after the fact.

That’s a bit nuts – but – the winds are a changin’. Enbridge recently applied to Ontario regulators to hike up natural gas rates in Canada’s most populous province by 40% – so that should even out the disparity with our comrades in New Brunswick.

Author: Chris Saracino

Chris is a co-founder of Renting Well and heads up our marketing and communication efforts. He's also the landlord of two buildings and 8 units in Ottawa, Ontario.

Leave a reply

Your email address will not be published. Required fields are marked *