Monday, 10 December 2012 19:57

Council approves electrical rate increase for Swift Current

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The City of Swift Current will implement a 4.9 per cent electrical rate increase in the New Year in accordance with a similar increase by SaskPower.

 

Councillors approved the rate increase at their final council meeting for 2012 on Monday evening, Dec. 10.

Director of Light and Power Mitch Minken told the meeting a 4.9 per cent electrical rate increase by SaskPower has been recommended by the Saskatchewan Rate Review Panel and approved by the provincial cabinet with effect from Jan. 1, 2013.

The City of Swift Current’s rate increase will be implemented with the Jan. 4, 2013 billing period.

Minken said the City’s electric rate structure is similar to that of SaskPower to ensure equity between local customers and other electric customers in the province.

“This electric rate equity also ensures that the City of Swift Current remains in a competitive position when attracting and retaining industrial, commercial and residential customers,” he told the meeting.

For residential customers in Swift Current this will mean an average monthly increase on their electrical bill of $3 for an apartment, $4.50 for an average home and $6 for a large residence.

Minken noted that all commercial customers will see an average increase of 4.9 per cent on their total annual billing.

 

Read 1411 times Last modified on Monday, 10 December 2012 20:16
Matthew Liebenberg

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