March 4, 2009
Price Cap Increases Established for the Upcoming Financial Year
Based on a formula set by the Commission in 2007, price caps will increase 3.74% on the major routes and 7.25% on other routes on April 1 2009. How these figures relate to the changes in the consumer price index over the past year is explained in Commission Memorandum 33.
For perspective, below is a timeline of fare levels from 2003 to 2012 projected as of March 7. Please be aware of a big assumption in the projection: that the current fare rebates, due to lower-than-expected fuel costs, continue unchanged. Also, these are the maximum ferry fare levels: in some cases in the past, notably for the minor routes, BC Ferries has actually charged fares a few percent less than the maximum.
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