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SaskPower to hold rates steady next year

Oct 4, 2018 | 11:44 AM

After a few years of power bills going up, SaskPower customers should be getting a break next year.

The Crown corporation has announced it will not be applying for a rate increase for the 2019/20 fiscal year.

This comes after several consecutive rate hikes, with some going up every six months.

SaskPower said it should be able to meet its financial goals without charging customers more. The Crown corporation credits this opportunity to lower than expected natural gas prices and to optimization efforts to cut overall costs within the company.