The Canadian federation of Independent Business is urging Saskatchewan’s Rate Review Panel to consider the small business community when reviewing SaskPower’s proposed rate hikes.

At the beginning of the month, the crown corporation applied for consecutive electricity rate increases of 3.9 per cent effective February 1, 2026, and a further 3.9 per cent effective February 1, 2027.

CFIB Director of Legislative Affairs Brianna Solberg says businesses are already feeling the pinch, and these hikes are likely to shutter some for good.

“Businesses are going to be forced to eat these costs, and whether they can adapt to that, that will make or break their business…If the price becomes too high or their margins too thin, then we could see some doors close.”

On top of higher insurance premiers, increased labour costs, and uncertainty caused by tariffs, Solberg says these hikes could be the final straw for some Saskatchewan businesses.

Once both implemented, these hikes will cost customers an average of about $10 per month, however, she explains that “farm members suspect the increases could add hundreds of dollars to their bills this year and double again next year.” his is because many farms use three-phase power for large buildings and farm equipment, so their electricity costs are much greater.

Solberg wrote to Saskatchewan’s Rate Review Panel on Tuesday, spreading awareness about the detrimental effects these hikes might have on the province. As of Thursday, there has yet to be a reply.