Natural gas price going up 26.7 per cent in Sask.

POSTED: 2014-06-17 10:40:00

Residents in Saskatchewan will likely have to pay more for natural gas.

The Saskatchewan Rate Review panel has approved a 26.7 per cent rate increase.

The proposed increase to $4.84 a gigajoule is the first rate hike SaskEnergy has applied for in six years.

If approved by the province, the rate hike would see the average customer's bill increase by $9.57 a month, starting July 1.

SaskEnergy has said it needs to increase rates because of increased demand due to the extreme cold weather this past winter that lasted well into March.

In its report, the panel also suggested that SaskEnergy apply for increases sooner, so that deficits do not grow as large before rates are revised.

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