After SaskEnergy gave out rate hikes in late 2022 and at the start of April this year, the Saskatchewan government is now directing the Saskatchewan Rate Review Panel (SRRP) to deny SaskEnergy’s rate increase application for June 1.

The rate increase application would see another increase of five per cent as of June 1 of 2023 and 2024.

“I’ve directed the Saskatchewan Rate Review Panel to cancel the rate application for delivery rate increases from SaskEnergy,” says Minister Responsible for SaskEnergy Don Morgan.

“We are committed to growth that works for everyone in our province, and this decision will help keep energy rates affordable for Saskatchewan residents.”

According to the government, Saskatchewan has some of the most affordable utility rates in Canada, largely due to having the lowest auto insurance rates and natural gas commodity costs.

Total utility costs for 2022-23 and 2023-24 are expected to be the second lowest among all provinces.