Management’s Discussion and Analysis
Outlook In 2024-25, SaskEnergy’s strategic imperatives include balancing affordability with environmental responsibility. The need for safe, reliable and affordable energy remains paramount for the people, businesses and industries of Saskatchewan to thrive. Responding to the current economic environment and continuing to find ways to efficiently serve customers with affordable energy is a growing challenge. Maintaining the integrity and reliability of the natural gas system, expanding to meet the growing needs of customers, and improving customers’ service experience are integral to the Corporation’s present and future. SaskEnergy anticipates modest growth from industrial customers to continue in 2024-25, with additions from gas-fired power generation leading the way. While the number of residential customers connected to SaskEnergy’s distribution system is expected to continue increasing, total demand and revenue growth from this customer segment is expected to remain stable due to energy efficiency improvements. SaskEnergy is forecasting slightly higher earnings in 2024-25 due to higher delivery revenue partially offset by higher operating costs. Affordability remains a top priority for SaskEnergy and its focus on operational excellence will look to limit the extent of possible delivery rate increases in the future. SaskEnergy is committed to providing solutions and service that benefit customers and Saskatchewan by leveraging the Corporation’s expertise and the province’s private sector. Throughout 2024-25, SaskEnergy will increase its capital investment in the province, with key areas of focus including: maintaining the safety and reliability of the natural gas transmission and distribution systems; enhancing customer experience; and continuing to support the emissions reduction strategy.
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