The government of Saskatchewan has officially approved SaskEnergy’s adjustments to both its commodity and delivery service rates.
The rates were recommended by the Saskatchewan Rate Review Panel in September.
Starting November 1, residential customers will see an overall decrease of nearly two percent per month or $15 annual to their heating bills.
The commodity rate has dropped from $4.30/GJ to $3.65/GJ, making it the lowest rate in 16 years.
The crown corporation will also implement a 8.6 percent increase to its delivery service rate which will cover safety and infrastructure renewal costs.
The Saskatchewan Rate Review Panel also recommended future billing of customers in energy rather than volume. The recommendation will be further reviewed by SaskEnergy and the government of Saskatchewan