SaskPower bills to rise an average of 2.9% in 2025 due to carbon tax rate increase
CTV
Residents in Saskatchewan will see a slight increase in their power bills come the new year, as the federal price on carbon is set rise.
Residents in Saskatchewan will see a slight increase in their power bills come the new year, as the federal price on carbon is set rise.
Effective Jan. 1, 2025, the federal carbon tax applied to SaskPower’s carbon emissions will increase from $80 to $95 per tonne of C02 equivalent emissions.
To cover this added expense, the Crown will increase the carbon tax amount collected on customer bills by a system-wide average of 2.9 per cent.
According to SaskPower, the federal carbon tax rate rider must be revised on an annual basis to reflect the scheduled increases to the federal carbon tax – in addition to emissions thresholds applied to coal-fired power generation.
“The amount charged per customer will vary depending on their consumption and rate class,” SaskPower said in a release published Wednesday.
An average residential customer can expect to see an increase to their annual carbon tax payments of $26 in 2025, bringing the total carbon tax payments on electricity to an average of $107 per year.
Farm customers will see an average increase of $75, for an average total of $314.
