The Saskatchewan Government has signed off on a proposed rate increase by SaskPower.
There are two increases on the horizon, both four percent. The first is September 1st 2022, and the second is April 2023.
Each will add about 5 dollars to the average residential customer’s bill.
“The decision to increase rates is not taken lightly and came after a thorough review by the independent Saskatchewan Rate Review Panel,” Minister Responsible for SaskPower Don Morgan said. “World events have caused a significant rise in the price of natural gas, and with 42 per cent of Saskatchewan’s electricity coming from natural gas-fueled facilities, SaskPower requires additional revenue to maintain reliable operations.”
This is the first rate increase from SaskPower since 2018.
