Earlier this week, the Provincial Government approved an average 5.7%
According to Crown Investments Corporation Minister Judy Junor, the request was the result of the declining market prices.
The previous commodity rate of $7.17 per Gigajoule has been in effect since November of 2006 with the new rate of $6.57 cents effective this November 1st.
The change will mean savings of $66 dollars per year for the average residential customer,