Sask Energy Applies for Rate Increase
SaskEnergy has applied to the Saskatchewan Rate Review Panel for a Delivery Service Rate increase to support continued elevated capital spending on system safety and customer growth initiatives totalling more than $50 million in 2017/18. If approved, a typical residential customer would see an increase of $1.65/month- 2.3 percent of their total bill effective November 1, 2017. The remaining portion of the bill, the Commodity Rate, is unchanged at $3.65/Gigajoule.
As a focus on pipeline safety we continually upgrade existing infrastructure, while investing in the tools and technologies which form part of our system integrity program, said Ken From, President and Chief Executive Office, SaskEnergy. This coming year we have major projects planned to expand and move pipeline infrastructure away from the development occurring in both Saskatoon and Regina.
SaskEnergy has added more than 54,000 new residential, business and industrial customers since 2008, with another 4,500 new customers planned this year. SaskEnergy last adjusted its Delivery Service Rate a year ago, when it implemented an 8.6 per cent increase, while also lowering its Commodity Rate by 14 per cent. When combined, this resulted in an overall decrease for residential customers of $1.70/month. With stable prices currently forecast for next winter, no Commodity Rate adjustment is required at this time.
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