SaskEnergy applies for first commodity rate increase in seven years; remains second lowest in Canada
SaskEnergy has applied to the Saskatchewan Rate Review Panel to increase its commodity rate, which would continue to be the lowest in Western Canada and the second lowest in the country. The proposed commodity rate of $3.15/gigajoule (GJ), up from $2.58/GJ, would increase the average residential customer’s bill by $5.65 per month. SaskEnergy’s commodity rate is a pass-through of market costs, with no profit or loss earned. “Natural gas prices in the open market have essentially doubled since SaskEnergy decreased the commodity rate in 2019. Increased natural gas demand for power generation...