SaskEnergy gets approval to hike natural gas rates
Natural gas charges are going up in Saskatchewan.
The Saskatchewan Rate Review Panel (SRRP) mentioned Wednesday it has permitted SaskEnergy’s software to extend its pure fuel commodity price as of Nov. 1.
On common, residential prospects will see a rise of $74 per 12 months; small business prospects $361; and enormous business prospects $4,713.
SaskEnergy mentioned that pure fuel costs on the open market have doubled since 2019 and that it wanted the rise to get well the upper ahead prices of fuel from Nov. 1 to Oct. 31, 2023.
The price of offering pure fuel to shoppers this coming 12 months is forecast to be increased than the present price of 9.98 cents per cubic metre ($2.575 GJ).
“Elevated pure fuel demand for energy technology, coupled with increased liquefied pure fuel exports, are contributing to elevated commodity costs,” mentioned Ken From, SaskEnergy’s president and CEO, final month.
“Whereas this proposed price adjustment displays increased pure fuel costs, SaskEnergy will stay aggressive with different Canadian jurisdictions and can proceed to supply reasonably priced, steady pure fuel charges for our prospects.”
The SRRP mentioned its advice is in line with the evaluation and advice made by the panel’s unbiased technical consultants.
The panel additionally reviewed the applying and heard from the general public in making its choice.
SaskEnergy mentioned that is the primary price improve for purchasers in seven years.
© 2021 International Information, a division of Corus Leisure Inc.