SaskPower says it needs to raise the amount a residential consumer pays by 6-dollars a month – a 5-percent rate increase according to the utility.
It says the rate increase is needed in order to keep up with the challenge of growing electricity demand, environmental commitments and the need to invest in an aging electrical system.
SaskPower says it has submitted an application for a rate increase to take effect March 1, 2018.
SaskPower President and CEO Mike Marsh says the utility invested 886- million dollars in the province’s electricity system over the past year.
He says SaskPower will continue to find ways to work more efficiently and effectively, so money spent goes to the highest priorities.
The NDP says the move is just another example of the SaskParty’s mismanagement, scandal and waste.
CIC Critic Carla Beck says “These rate hikes are directly related to their $1.5 billion carbon capture boondoggle and their failed smart meters.