Saskatchewan utility bills expected to rise in 2023

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Saskatchewan utility bills expected to rise in 2023

The consumer energy and electricity bills expected to rise in 2023 in Saskatchewan.

Saskatchewans should expect an increase in their electricity bills in 2023 and energy and then at the gas pump, a consequence of the planned federal carbon tax hike.

The federal government had announced that the federal carbon tax will increase from $50 to $65 per tonne. The rate will increase to $170 per tonne in 2030. Saskatchewan should experience the effects.

Beginning January 1, 2023, SaskPower will add three percent to its customers' bills, or $2.60 per month for the average household.

This increase is in addition to a four percent rate increase that took effect September 1, 2022 and to another four percent increase expected to take effect April 1, 2023.

SaskEnergy customers also expect higher bills in 2023, as in April 2023 natural gas will be at $65 per tonne or $0.1239 per cubic meter.

The Crown corporation said this represents an increase of $79 for the average residential customer, while business customers will see a 10% increase.

Saskatchewan's Independent Rate Review Panel recommends that the Crown and provincial government not proceed with planned rate increases in 2023-24 and 2024-25.

The provincial government has said it is carefully reviewing the committee's report.

According to a report released by the Parliamentary Budget Officer in March, most households in Ontario. Manitoba, Saskatchewan and Alberta will face carbon costs in excess of the climate action incentive payments they receive.

In Saskatchewan, people will receive Climate Action Incentive Payments in April, July and October 2023, at $170 for the first adult, $85 for the second adult and $42.50 for each child . A family of four will receive $340. Another payment will be issued in January 2024.

On Thursday, the Government of Saskatchewan issued a press release saying that indexation and existing tax credits are a response to affordability issues.

In 2023, the level of indexation will be 6.3%. The government has stated that this is the annual average national inflation rate from October 2021 to September 2022.

Our government recognizes that costs have increased due to inflation, and we are committed to taking action to keep life affordable for Saskatchewanians, Finance Minister Donna Harpauer said in a statement.

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