SaskPower is seeking a 3.9% rate increase effective February 1, 2026, and a further 3.9% rate increase effective February 1, 2027. We’ll be submitting a rate application to the Saskatchewan Rate Review Panel. The increase on February 1, 2026, will be implemented on an interim basis but will still be subject to the public rate review process.
Why does SaskPower need to increase rates?
We need to increase rates so we can continue providing reliable power for the people, businesses and communities in our ever-growing province.
Across Canada, electrical utilities are facing significant rate pressures. At SaskPower, we must make record capital investments to meet rising power demand and maintain or replace aging infrastructure, all while balancing rising fuel and operating costs.
We last increased rates on September 1, 2022, and April 1, 2023, when system-wide average increases of 4% came into effect. The interim rate increase on February 1, 2026, marks only the third rate increase in the previous eight fiscal years.
We’re mindful of the impact that rate increases have on our customers and consider them a last resort option. This rate application attempts to strike a balance between minimizing rate increases and ensuring that SaskPower remains on solid financial footing.
How much will this rate increase cost me?
The average residential customer will see increases of $5/month in 2026 and $5/month in 2027, while the average farm customer will see increases of $11/month in 2026 and $11/month in 2027.
What has SaskPower done to find efficiencies and reduce its expenses?
We have an ongoing efficiency program, which has helped reduce the need for rate increases in recent years. Since 2016-17, our efficiency programs have resulted in accumulated savings of $888 million as of the end of 2024-25.
What can I do to keep my power bill as low as possible?
The best place to start is by finding opportunities to decrease the amount of power you use. We have a variety of programs, tips and tools you can use to save power both at home and at work. Not only will you save money, but you’ll also reduce your environmental impact.
For additional support, check out our Energy Assistance Program. A Home Energy Advisor will come to your home and complete a walkthrough. They'll provide personalized energy advice and upgrade your home with free energy efficient items to help you save money.
Another way to lower your power bill is to generate your own power. Through our Net Metering Program, you can generate up to 100 kW (DC) of power using an eligible energy resource to offset their own power use. We’ll credit your account for the excess power you generate at a pre-determined rate.
How are rate increases decided?
As a provincial Crown corporation, we must apply to the Crown Investments Corporation to increase rates. The process involves several steps:
- The Minister of the Crown Investments Corporation directs the Saskatchewan Rate Review Panel to conduct a review of SaskPower’s application.
- The Panel undertakes public consultation and consults technical experts to determine the fairness and reasonableness of the rate request – all while keeping in mind the interests of customers, the Crown Corporation and the shareholders, the people of Saskatchewan.
- The Panel reports its recommendations publicly and to Minister of the Crown Investments Corporation, who then brings the decision before the provincial Cabinet.
- Cabinet makes the final determination and announces its decision to the public.
