Crown utility SaskPower not planning electricity rate increase next year
SaskPower says it should be able to meet its financial goals without charging customers more in 2019-20
REGINA – Saskatchewan’s Crown electrical utility says it won’t be applying to increase its rates next year.
SaskPower says it should be able to meet its financial goals without charging customers more in 2019-20.
The decision comes after several consecutive rate increases – some as often as every six months.
SaskPower says natural gas prices have been lower than expected and it has been able to cut overall costs within the company.
The utility still plans to invest about $1 billion to modernize infrastructure and expand the electrical system across the province.
Since 2015, SaskPower has saved $115 million by trimming operating, maintenance and administration costs.