Customers of SaskEnergy could see their natural gas bills decline if the corporation’s application for a rate decrease is approved.
On March 9, SaskEnergy applied to the Saskatchewan Rate Review Panel for a new commodity rate of $6.80 per gigajoule. The current rate is $7.95 per gj, including a provincial credit that capped the rate at that amount in order to protect consumers from record-high prices.
The cut would result in an overall decrease of almost 10 percent, or savings of about $35 for the average customer over the next seven months, the corporation said in a news release.
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The average farm customer would see a 9.7 percent decrease, or a saving of about $6 per month for the period April 1 to Nov. 1.
“A driving factor behind this rate decrease is the effect on the market from one of the warmest winters in North American history,” said Ken From, senior vice-president of gas supply and business development.
He noted the market is not at the historic highs of last year but remains volatile. SaskEnergy will submit a new application to the review panel in time for the start of the winter gas year on Nov. 1.
