Maine regulators approve new electric rates

MAINE - Maine regulators have approved a decrease in the electricity portion of bills for Central Maine Power and Bangor Hydro-Electric Co. residential and small business customers who use the default "standard offer."

The new rates going into effect March 1 reflect a 10 percent drop in the electricity supply costs, which account for about 60 percent of the monthly bills. Transmission and distribution rates, which account for the other 40 percent, also are expected to change on March 1.

Maine Public Utilities Commission Chairwoman Sharon Reishus said the dip in electric rates is good news after several years of rising energy prices.

MPUC also approved new rates for Maine Public Service Co. Those reflect a 2 percent decrease for small and medium-sized customers, and a 6 percent increase for large businesses.

Related News

Synchrophasors and the Smart Grid

How Synchrophasors are Bringing the Grid into the 21st Century

WASHINGTON - Have you ever heard of a synchrophasor? It may sound like a word out of science fiction, but these mailbox-sized devices are already changing the electrical grid as we know it.

The grid was born over a century ago, at a time when our needs were simpler and our demand much lower. More complex needs are putting a heavy strain on the aging infrastructure, which is why we need to innovate and update our grid so it’s ready for the demands of today.

That’s where synchrophasors come in.

A synchrophasor is a sophisticated monitoring device that can measure the instantaneous voltage, current…

READ MORE
new zealand electricity

No time to be silent on NZ's electricity future

READ MORE

electric-ferries-power

Electric Ferries Power Up B.C. with CIB Help

READ MORE

power tower

Canada's looming power problem is massive but not insurmountable: report

READ MORE

Quebec shatters record for electricity consumption once again

READ MORE