Power bills still look to be on the rise for customers in Saskatchewan, but not as much as first thought.
SaskPower had originally asked for a rate increase of five per cent. However, the Saskatchewan Rate Review Panel has reviewed the application and determined the increase instead be 3.5 per cent.
It would mean another $3.84 a month for the average homeowner, another $125.31 for the average urban standard commercial customer and $15,349 more a month for the average large industrial customer.
In its decision, the panel wrote that it saw unprecedented interest in the application. About 100 individuals contacted the panel to comment and express concern about the increase being too high. The feedback centred around the proposed initial increase being higher than the cost of inflation, and that the pace of rate changes was moving too quick.
Industrial customers also raised concerns whether the increase or any future increases would render Saskatchewan uncompetitive with neighbouring jurisdictions.
The ultimate approval of this rate increase rests with the provincial government.
If approved, the rate increase would be implemented March 1st, 2018.