SaskPower rate hike of 4 per cent gets green light from oversight body

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SaskPower rate hike of 4 per cent gets green light from oversight body
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The Saskatchewan Rate Review Panel has recommended a four per cent rate hike by SaskPower, to take effect of April 1, be approved.

, an oversight body that provides the provincial government with opinions on whether the rates charged by Saskatchewan Crown corporations are fair and reasonable, states it has recommended a proposed four per cent rate increase by SaskPower be approved.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The news release states SaskPower is now projected to see an an overall loss of $138 million in 2022-2023.“Forecasted increases to operations, maintenance and administration and finance charges also contributed to the forecasted net loss. Forecasted increases to Saskatchewan sales and exports will help offset losses in 2022-23.”

The news release states the SRRP knows the increase will have an impact on customers, but affordability needs to be balanced with the financial needs of the Crown corporation, so Saskatchewan residents have “safe and reliable electricity service today and into the future.”

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