Media Releases


RATE REVIEW PANEL'S RECOMMENDATIONS APPROVED

November 29, 2000

The government has accepted the Saskatchewan Rate Review Panel's recommendations on SaskEnergy's request for rate changes.

"We accept the panel's conclusion that there should be an increase in natural gas consumption rates, but no increase in delivery rates at this time," Crown Investments Corporation Minister John Nilson said. "Effective December 1, 2000, gas consumption rates will rise from 11.1 cents per cubic metre to 16.69 cents per cubic metre, resulting in an average increase of about $17 a month for residential customers.

"This increase reflects record-high market costs for gas, which are double what they were a year ago. Even though it means a substantial increase for customers, Saskatchewan people will continue to pay the lowest natural gas rates in Canada."

This is the second rate review conducted by the Saskatchewan Rate Review Panel since it was established in July, 2000. The panel's mandate is to review rate change requests that may be brought forward by Crown corporations and to make recommendations to government.

"I would like to thank the panel members for once again doing a thorough job on this rate review and for making recommendations that are fair and reasonable, considering the interests of consumers, SaskEnergy and the public," Nilson said.

"I would also like to thank the hundreds of Saskatchewan people who attended the panel's public meetings or shared their views with the panel by phone, mail, fax, e-mail or through the panel's website. This tells us that the process is continuing to work well."

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Ted Boyle
Executive Director, Communications
Crown Investments Corporation
Regina
Phone: (306) 787-9039