Maine regulators approve new electric rates
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.
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Global electric power demand surges above pre-pandemic levels
LONDON - Carbon dioxide emissions from the global electric power sector surged past pre-pandemic levels to record highs in the first half of 2021, according to new research by London-based environmental think tank Ember.
Electricity demand and emissions are now 5% higher than where they were before the Covid-19 outbreak, which prompted worldwide lockdowns that led to a temporary drop in global greenhouse gas emissions. Electricity demand also surpassed the growth of renewable energy, the analysis found.
The findings signal a failure of countries to achieve a so-called “green recovery” that would entail shifting away from fossil fuels toward renewable energy to…
