![]() However, the transition of our power system to lower-emitting generation sources will take some time. We’ll get there in several ways, including increasing the renewable generation capacity in our system. Define the atomic mass unit and average atomic mass. We're committed to reducing greenhouse gas emissions by at least 50% from 2005 levels by 2030. Write and interpret symbols that depict the atomic number, mass number, and charge of an atom or ion. That would mean less to invest in our province’s power system to ensure reliable and sustainable power for our customers. The cost will continue to grow as the annual cost per tonne increases and emissions thresholds decrease. Our 2022 emissions payment is estimated at $180 million. Why can’t SaskPower just pay this tax and not pass it on to customers? The provincial government is developing the mechanism to reinvest these funds back into Saskatchewan. As a result, the 2023-2030 carbon tax revenue we collect will be paid to the provincial government, effective January 1, 2023. On November 22, 2022, the federal government approved Saskatchewan's proposal for an updated Output-Based Performance Standards (OBPS) program, which now includes electricity generation. We’re required to submit all carbon tax revenue collected during 2019–2022 to the Government of Canada. ![]() We don’t keep any of the carbon tax collected. The actual amount charged will vary depending on your power use. Frequently Asked Questionsįor residential customers, the 2023 Federal Carbon Tax cost increase will average 1.9% ($31 per year), effective January 1, 2023. Learn more about how this charge will appear on your bill. On an annual basis, the amount charged is revised to reflect the yearly per tonne increase of the carbon tax and the decreasing emissions thresholds applied to coal power generation. The tax applies to how much power you use, and not to fixed amounts like the basic monthly charge. The Federal Carbon Tax appears as a separate charge on your power bill. Federal Carbon Charges and Your Power Bill View more information on federal carbon pricing. As of January 1, 2023, it will increase by $15/tonne per year until 2030. It then rose $10/tonne per year, reaching $50/tonne on January 1, 2022. In 2019 it was set at $20/tonne of CO 2 emissions above established thresholds. The Federal Carbon Tax increases annually. On January 1, 2019, the Federal Carbon Tax began being applied to our emissions from power-generating sources like coal and natural gas.
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