Here's why most SaskEnergy customers will see a bill decrease
SaskEnergy customers will see their monthly bills decrease by an average of $6.52 per month beginning Oct. 1, the province said in a news release.
The rate decrease comes after the provincial government said it approved SaskEnergy’s commodity rate decrease of 24.5 per cent along with a delivery service rate increase of five per cent.
“Affordability is front and centre in all utility rate decisions in Saskatchewan," minister responsible for SaskEnergy Dustin Duncan said in the release. "SaskEnergy has done solid work on managing fluctuating markets by using its hedging program to lock in natural gas at beneficial prices. That hedging strategy provides price stability and shields customers from the extremes of market volatility."
On a customer’s bill the commodity rate is the gas consumption charge.
According to the province, SaskEnergy bills are made up from two rates – the commodity rate and the delivery service rate.
The commodity rate is set on a cost-recovery basis, reflecting the market price of natural gas, the province said.
The approved commodity rate decrease will drop the consumption charge from $4.20 per gigajoule to $3.20 per gigajoule, the province said.
On Sept. 7 the Saskatchewan Rate Review Panel announced that it was recommending the commodity rate reduction and increase for the delivery service rate after SaskEnergy applied for a combined rate adjustment in June.
CTVNews.ca Top Stories
Poilievre supports Israel 'proactively striking' Iranian nuclear sites to defend itself
Conservative Leader Pierre Poilievre is supporting Israel's right to defend itself against Iran following last week's ballistic missile attack, saying that right includes 'proactively striking Iranian nuclear sites and oil installations to defund the terrorist regime.'
Hurricane Milton strengthens into a Category 5 storm. Florida orders evacuations
Florida's storm-battered Gulf Coast raced against a Category 5 hurricane Monday as workers sprinted to pick up heaps of appliances and other street debris left over from Helene two weeks ago and highways were clogged with people fleeing ahead of the storm.
How is Canada protecting customers buying from foreign e-commerce sites like Temu and Shein?
As U.S. regulators push for an investigation into what they call 'deadly baby and toddler products' from foreign e-commerce sites, health officials in Canada say they haven't determined whether any laws or regulations have been broken.
Most fathers say they spend equal time caring for their child — fewer mothers agree, survey says
When it comes to raising a child, the majority of fathers say they share tasks equally, but fewer mothers tend to say the same thing, according to a Statistics Canada survey.
'Selfish billionaire': Chip Wilson's mansion vandalized after political sign erected outside
Days after a political sign was erected outside Lululemon founder Chip Wilson's Vancouver mansion, the waterfront property has been vandalized with graffiti.
'Feel free to get naked,' witness testifies Toronto councillor told her during 'networking' weekend
Toronto Coun. Michael Thompson 'forced himself on' a woman who awoke to find him standing over her after she fell asleep drunk, the Crown alleged Monday, as the five-day sexual assault trial of the six-term politician began in Bracebridge, Ont.
Is Disney World still open as Hurricane Milton strengthens to a Category 5?
Despite Hurricane Milton evolving into a Category 5 storm, Walt Disney World Resort remains open to the public and will operate as normal. However, the park announced Monday a few closures in an abundance of caution.
Disgraced former Winnipeg football coach sentenced to 20 years in prison for sexual assault
A disgraced Winnipeg high school football coach convicted of sexual assault and luring will spend 20 years behind bars.
Two people injured in apparent road rage incident, shooting in Toronto
Two people are in hospital after they were chased and shot at in what appears to be an act of road rage before eventually flipping their car while trying to escape, police say.