SaskEnergy greenlit to lower natural gas rate

On Wednesday, the Government of Saskatchewan gave the green light for SaskEnergy to lower its natural gas commodity rate by 16 per cent, starting April 1st, 2012.

SaskEnergy applied to the Saskatchewan Rate Preview Panel in February to reduce its commodity rate from $4.55 /Gigajoule to $3.82 /Gigajoule.

For residential customers on equalized payments this results in a decrease of $6.35 per month.

“SaskEnergy customers will soon benefit from the lowest natural gas commodity rate since 2000,” said Minister responsible for SaskEnergy Dustin Duncan.

A 6.7 per cent increase to SaskEnergy’s delivery service rate was also applied for in February. The panel is expected to make a recommendation on the matter later this spring.

After rate adjustments, the government says SaskEnergy’s residential customers will continue paying the lowest delivery costs in Canada.