SaskPower, SGI requesting nearly 4% rate increases for 2026-27

SaskPower is seeking two years of power rate hikes starting in February, while SGI plans auto insurance increases in 2026 and 2027, pending approval.

Both SaskPower and SGI are requesting rate increases, with the provincial Crown corporations proposing bumps totalling nearly eight per cent over the next two years.

Both organizations announced their proposals in news releases published Friday afternoon. SaskPower is seeking a 3.9 per cent rate increase in 2026 and 2027.

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Similarly, SGI is seeking a 3.75 per cent rate increase in 2026 and 2027.

The average residential customer will see an increase of $5 a month in both 2026 and 2027, while the average farm customer will see an $11 increase a month over the same period.

SaskPower’s most recent rate increases were in 2022 and 2023 at four per cent. Previous to those increases, the Crown’s rates had not risen for four years.

According to SGI, about 98 per cent of Saskatchewan vehicles will experience rate increases, averaging $38 annually, while approximately one per cent of vehicles will experience rate decreases averaging $8.

“Inflation and advanced technology in newer vehicles have caused a sharp rise in the cost of vehicle repairs, and the Auto Fund is no longer taking in enough revenue to cover the cost of claims,” SGI president and CEO Penny McCune said in the announcement.

“The Saskatchewan Auto Fund operates on a break-even basis over time, but premiums haven’t been enough to cover costs in recent years.”

According to SGI, the average cost for vehicle repairs has increased 25 per cent from $4,880 per claim in 2019-20 to $6,101 per claim in 2024-25.

Both Crowns intend to move forward with rate applications to the Saskatchewan Rate Review Panel.

The rate increases will be implemented on an interim basis in February for SaskPower and June in the case of SGI.