The standard-offer rate for Central Maine Power customers will decrease by 35%; Versant Power customers will see a 24% drop. The decreases are the result of a big drop in natural gas prices.
electric bills
Posted inBusiness, Local & State, News
Some relief expected for Maine electricity customers come January
Analysts expect a 20%-30% drop in supply rates, but there’s still plenty of uncertainty with the Public Utilities Commission set to select bids next month for 2024 standard offer service.
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Posted inBusiness, Local & State, News
Here’s why electricity bills in Maine are getting more expensive this month
The Maine Public Utilities Commission explained some of the reasons for multiple rate changes that are beginning to impact customer bills.
Posted inBusiness, Local & State, News
CMP rate hike approved by regulators, will increase home bills nearly $2 next month
Under a compromise approved Tuesday, typical Central Maine Power residential customers will see bills will rise 1% in July and then increase roughly $5 by the middle of 2025.
Posted inBusiness, Local & State, News
Versant Power rate deal would hike bills $5 a month for home customers
The settlement agreement, which must be approved by the Public Utilities Commission, would increase the monthly bill for the typical residential customer by 4%.
Posted inBusiness, Local & State, News
CMP, public advocate in negotiations to settle rate hike request
A meeting is slated for Wednesday in confidential talks between Central Maine Power and the public advocate over a proposed increase that would take effect Sept. 1.
Posted inOp-eds, Opinion
Commentary: Maine’s alternative utility market experiment has been a failure
AARP Maine supports the Office of the Public Advocate’s call to repeal the program that allows retail electricity marketers to compete for residential customers.
Posted inBusiness, Local & State, News
State’s public advocate seeks $75 electricity credit for low-income Mainers
The request comes ahead of rate hikes for customers of Central Maine Power Co. and Versant Power that go into effect next month.
Posted inBusiness, Local & State, News
Maine small businesses will get help with spiking electricity bills
A state program will provide credits of more than $2,000 to hundreds of businesses to provide relief from high electric rates.
Posted inBusiness, Local & State, New England, News
Rate hike 2.0: Electricity supply costs due to rise again next year
New England’s natural gas crunch and Russia’s war are pushing electric rates higher.