The Enbridge natural gas pipeline that exploded Tuesday evening is a feeder for the province-wide gas distribution system and, because of this, FortisBC says it anticipates decreased energy flow and potential loss of service.
"The duration of the price impact will depend on the length of time that the pipeline is out of service", GasBuddy said in a release.
They say the cause is still under investigation.
It damaged the company's primary natural gas pipeline linking the Fort Nelson area to Vancouver and south to another 750,000 customers in the northwest United States.
Doug Stout, vice-president of market development with FortisBC, said the Lower Mainland could see a four to eight-cent jump in gas prices as a result of the possible shortage.
"We are looking to add to our supply by bringing in gas through the TransCanada line from Alberta and activating our Tilbury and Mt Hayes liquefied natural gas plants, and have also talked to our industrial customers about switching to alternative fuel sources", said Sorace.
Enbridge spokesperson Michael Barnes told The Canadian Press company crews were working to assess the situation Tuesday night.More news: Virgin Galactic to Make First Space Trip "Within Weeks"
More news: Hurricane Michael Expected to Grow into a Major Hurricane
More news: Cristiano Ronaldo in contention for third successive Ballon d'Or
It happened in a spot that will impact the supply to most of B.C. About 700,000 FortisBC customers including all of those on Vancouver Island could be impacted by the shortage. "I just made a decision to get out".
More than 30 buildings of the Vancouver campus may be affected. The university still urges community members to limit or stop other usages of natural gas, such as those for research.
Restaurants around the province, on the other hand, are looking at ways of using less natural gas.
The pipeline is part of the T-South system, stretching over 1,000 kilometres from Chetwynd, B.C., to the US border, which is why it impacts gas distribution across the province and into Washington.
"Fortis BC, the local gas utility, is asking all customers, including UBC, to curtail non-essential use of natural gas", read a statement from UBC.
According to B.C.'s Ministry of Environment, the incident occured at a gas line that is operated by Enbridge.