The information provided in BC Ferries’ Performance Term 6 submission will help the BC Ferry Commission set the price cap – the maximum allowable annual increase in average fares that the ferry operator will be permitted to charge over the 4-year period. Commissioners will consider traffic forecasts and projected expenditures (including operating costs, capital investments and interest on long-term debt) to determine what amount of revenue will be required to cover BC Ferries’ expenses.
A preliminary price cap will be announced on March 31, 2023; it will be finalized on September 30, 2023. Throughout the process, we welcome public input.
Public comments deadline for preliminary price cap is March 15, 2023 and final price cap is June 30, 2023.