VANCOUVER, BC, January 20, 2022 /CNW/ – Today, in Order G-14-22, the British Columbia Utilities Commission (BCUC) released its final framework for determining the treatment and privacy of fuel data that fuel companies submit to the BCUC under the Fuel Price Transparency Act (FPT Law) (Confidentiality framework).
The BCUC developed the Privacy Framework following an open and transparent public review process that included public and fuel industry input. The Privacy Framework outlines the types of fuel data that will be kept confidential by the BCUC, as well as the tools the BCUC may use to publish the information it receives.
The privacy framework provides for efficient and consistent handling of fuel data that is submitted by numerous industry participants on an ongoing basis. In addition, it establishes a process that the BCUC can follow to aggregate or anonymize otherwise confidential fuel data so that it can be shared publicly on GasPricesBC.ca.
As administrator of the FPT Act, the BCUC is responsible for collecting fuels data to promote market competitiveness and public confidence in the competitiveness of the fuels market. By publishing the Privacy Framework, the BCUC aims to promote transparency, maintain the confidentiality of information necessary in a competitive marketplace, and reduce regulatory burden in carrying out our responsibilities.
The Privacy Framework is effective immediately and affects all fuel retailers and wholesalers who are required to submit data to the BCUC under the FPT Act.
After two years, the BCUC will conduct a review of the fuel data collected to determine if there have been any changes that would affect the data deemed confidential. This ensures that the BCUC’s decisions regarding the release of fuels data continue to balance the public interest against the potential harm to those submitting the data and the competitiveness of from British Columbia (BC) fuel market.
For more information on this process, click here or visit GasPricesBC.ca to learn more about the BCUC’s role as administrator of the FPT Act.
At November 30, 2020, by Order G-303-20, the BCUC announced a public process to establish a framework for determining the confidentiality and treatment of protected information submitted to the BCUC pursuant to British Columbia FPT law.
At February 8, 2021, the BCUC released Draft Framework #1 to outline a proposed process and the types of fuel data that would remain confidential. At May 25, 2021, the BCUC released its Draft Framework No. 2, which incorporated the views of the public and parties to the proceedings provided on the first draft, including clarifications on its scope and purpose and changes to the publication tools confidential fuel data.
The BCUC is an independent regulator responsible for regulating British Columbia’s energy utilities, as well as its mandatory auto insurance rates and intra-provincial pipeline rates. The BCUC is also responsible for the administration of Fuel Price Transparency Act. It is the role of the BCUC to balance the interests of customers with the interests of the businesses it regulates. The BCUC conducts fair and transparent reviews of matters within its jurisdiction and considers public input where the public interest is affected.
SOURCE British Columbia Public Utilities Commission
For further information: CONTACT INFORMATION: Krissy Van Loon, Manager, Communications, Phone: 604.660.4727, Email: [email protected]