Effective November 1, 2021, SaskEnergy’s commodity rate changes from $2.575/gigajoule (GJ) to $3.20/GJ. The adjustment will increase the average residential customer’s bill by $6.16 per month.
SaskEnergy says they do not earn a profit on the sale of natural gas and the commodity rate is a pass-through of the costs to purchase natural gas from the market.
“SaskEnergy’s commodity rate increase is a reflection of the significant rise in natural gas prices,” said Ken From, President and Chief Executive Officer, SaskEnergy.
From adds,”Our customers want predictable and stable rates, especially during the cold winter months. SaskEnergy’s price management strategy allows us to deliver on this expectation, and offer the lowest commodity rate in the country to customers.”