SaskEnergy announced they are applying to the Saskatchewan Rate Review Panel (SRRP) to adjust its commodity and delivery service rates.
SaskEnergy is set to submit a proposal to the review panel for a 22.1 per cent decrease in the commodity rate, dropping it from $4.20 to $3.30 per gigajoule. The crown corporation will also bring forward a proposal to consider a five per cent delivery service rate increase.
The combined commodity and delivery service rate adjustments will result in an overall bill decrease of $5.66 per month or $68 per year for the average residential customer.
“Thanks to a drop in the market price of natural gas, as well as SaskEnergy’s continued focus on price risk management, SaskEnergy is able to cut the commodity rate for its customers,” Minister Responsible for SaskEnergy Don Morgan said. “SaskEnergy’s commitment to provide stable natural gas rates to the people and businesses of Saskatchewan helped shield customers from the volatile price fluctuations we saw in 2022, both across the country and the world.”
Morgan said he hopes the change can help residents deal with an increased cost of living.
“I think overall people worry about affordability in a general sense, and we want to take a cautious approach; I think the role of government should be to act as a cushion and to absorb and to adjust,” he said. “We are hoping that people will be pleased to see a reduction.”
If approved, the bill decrease will take effect on October 1, 2023.
