SaskEnergy says it will not apply to increase the rate Saskatchewan customers pay for natural gas. The corporation currently charges $4.55 per gigajoule.
“SaskEnergy’s price protection strategy has again achieved success and provided stability for our customers during the highest consumption months of this winter,” Doug Kelln, President and Chief Executive Officer of SaskEnergy, said in a release.
“Despite continued uncertainty in commodity markets, our gas price management strategy will help shield home and business owners against market volatility through 2011.”
The crown corporation typically sets its commodity rate in the fall, and then adjusts it in the spring to reflect any changes in costs. Natural gas prices are currently at ten year lows.
Comments
Want to discuss? Please read our Commenting Policy first.