As of Friday (Nov 1), SaskPower is again providing a 60 per cent reduction in federal carbon tax for customers who rely on electricity as their main source of home heating. The program will be in effect until April 30th next year.
The 60 per cent reduction to the carbon tax rate rider was calculated based on the typical percentage of power consumption required for home heating. Depending on how cold it gets, customers could save on their carbon tax by up to $21 per month.
SaskPower says that based on last year’s program, an estimated up to 35,000 customers rely on electric heat. The program will be automatically applied to bills for residential customers previously identified as relying on electric heat. The Crown corporation says last year, the program provided $1.3 million in relief to its customers.
During the election campaign Scott Moe said the natural gas exemption will be extended until the end of 2025, while electricity used for home heating would be exempt from the federal carbon tax from Nov. 1 until April 30, 2025.