Effective January 1, 2024, the federal carbon tax applied to SaskPower’s carbon emissions will increase from $65 to $80 per tonne of CO2 emissions. To cover this increase, the federal Carbon Tax rate rider on SaskPower bills will require an average increase of 0.5%.

The specific amount charged per customer will vary depending on their power consumption and rate class. The average residential customer will see an increase of $5 during the year, bringing their total federal carbon tax bill for the year to $85. The average farm customer will see an increase of $13, for a total federal carbon tax bill of $238 in 2024.

“SaskPower is continuing to change the way we generate power, and while we are still required to collect the carbon tax, several factors have helped us to keep the increase lower in 2024,” said Rupen Pandya, SaskPower President & CEO. “For example, next year we expect the Great Plains Power Station to come online, providing the province with 377 MW of lower-carbon baseload power. We are also continuing to invest in renewables, with the 200 MW Bekevar Wind Facility also expected to come online by the end of the year.”

The federal carbon tax was established in 2019 for emissions above established thresholds. It has since increased on an annual basis and will continue to do so until it reaches $170/tonne in 2030. SaskPower must collect the carbon tax through customer bills via a rate rider that is revised January 1 of every year. From 2019 to the end of 2024, SaskPower customers will have paid an estimated $1.0 billion in federal carbon taxes.

More information about the federal carbon tax, as well as the carbon tax relief for electric heat, can be found at saskpower.com/federalcarbontax.

At a glance...

• Federal carbon tax on SaskPower greenhouse gas emissions will increase from $65 to $80/tonne in 2024
• The increase will result in an average increase of 0.5% for SaskPower customers