TransGas Limited (TransGas) is proposing changes to its rates for transportation and storage services, effective April 1, 2023. If approved, customers will see an average increase of 2% across all rate classes for the 2023-2024 fiscal year. Rate class adjustments will range from a decrease of 1% to an increase of 9% as discussed through Customer Dialogue. The proposed changes are proceeding through the government approval process and are expected to be finalized in March 2023.
The proposed average rate increase of 2% is lower than the 3% increase budgeted by TransGas, and is intended to help mitigate financial hardship on customers during this period of economic uncertainty. This rate increase also allows TransGas to make progress with respect to rate rebalancing, and moves all customer classes closer to, or in alignment with, the industry accepted revenue-to-cost ratio range of 95% to 105%.
Looking ahead, TransGas will continue to provide safe and reliable service while minimizing rate impacts for customers.
If you have any questions regarding how the rate changes will affect your services, please contact your Key Account Manager:
Casey MacLeod
Key Account Manager
306-551-9350
Erin Rodger
Key Account Manager
306-530-5499