Maine regulators approve new electric rates

subscribe

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

Is Ontario embracing clean power?

TORONTO - After cancelling hundreds of renewable power projects four years ago, the Doug Ford government appears set to expand clean energy to meet a looming electricity shortfall.

Recent announcements from Ontario Energy Minister Todd Smith and the province’s electric grid management agency suggest the province plans to expand low-CO2 electricity in the long-term, even as it ramps up gas-fired power over the next five years.

The moves are in response to an impending electricity shortfall as climate-conscious drivers switch to electric vehicles, farmers replace field crops with greenhouses and companies like ArcelorMittal Dofasco in Hamilton switch from CO2-heavy manufacturing to electricity-based…

READ MORE
Trump's Pledge to Scrap Offshore Wind Projects

Trump's Pledge to Scrap Offshore Wind Projects

READ MORE

ford assembly line

Let’s make post-COVID Canada a manufacturing hub again

READ MORE

california impending shortage

California's Next Electricity Headache Is a Looming Shortage

READ MORE

electricity raindrops

The Cool Way Scientists Turned Falling Raindrops Into Electricity

READ MORE