NEW REPORT SHOWS SASKPOWER LOSING TENS OF MILLIONS, POWER RATE HIKES INEVITABLE

Saskatchewan NDP Warns Consumers Of Increases On Home Electricity Bills As SaskPower Reports $136M Loss

REGINA – Today, Saskatchewan NDP SaskPower Shadow Minister Aleana Young slammed the Sask. Party’s continued mismanagement of SaskPower, which was revealed in the recent release of the Crown's first quarter financial statements and will inevitably result in rate hikes.

“Saskatchewan people are already paying some of the highest power bills in Canada,” said Young. “This report shows that the Sask. Party’s mismanagement is pushing SaskPower deep into the red – something we’ll all have to pay for with more Sask. Party rate hikes.

SaskPower’s first quarter report shows that the power utility is on track to lose $136 million in just the first three months of 2025-26. This $262-million failure is being paid for by increased debt that Saskatchewan families will be forced to repay in the future.

The Sask. Party government had projected $126 million in net income for SaskPower in the 2025-26 provincial budget, but the latest numbers reported in SaskPower’s first quarter report make that almost impossible.

The Globe and Mail recently reported that “affordability did not play a major role” in SaskPower Minister Jeremy Harrison’s decision to retrofit SaskPower’s legacy power plants.

"I think every person in this province should be extremely concerned by what the Sask. Party is doing at SaskPower,” Young said.

“The Sask. Party have said the quiet part out loud: that they don’t care about affordability. Now the Sask. Party is going to have to increase electrical rates to pay for their mismanagement, scandal, and waste at SaskPower.”

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