Utility regulators blame high natural gas prices on the continued surge in cost. The new rate will take effect in January.
electricity
Posted inBusiness, Local & State, News
Rate hike will bump up average Versant Power electric bill by $24 a month
The standard-offer rate, the price customers pay for the supply of power, is rising 41% next year in northern and eastern Maine. A similar increase may be in store for Central Maine Power customers.
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Posted inBusiness, Local & State, News
How to save money when trying to stay warm
Here are 10 DIY tips to help keep your home warm this winter. Some don’t cost a cent, and others are inexpensive.
Posted inBusiness, Local & State, New England, News
Judge weighs whether work can resume on building CMP corridor
Lawyers for the 145-mile electricity transmission project said work needs to get going soon or it won’t be economically viable.
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
Pricey, imported natural gas will drive Maine’s electricity habit this winter
While the U.S. exports natural gas at record levels, New England will have to import it, in liquid form. That dependence could cost a typical Maine household an extra $22 a month in electricity.
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.
Posted inBusiness, Local & State, New England, News
State to intervene in Versant Power rate hike request
Gov. Janet Mills orders her energy office to oppose the rate proposal, which seeks a 32% increase for Maine’s second-largest electric utility.
Posted inBusiness, Local & State, News
Work continues on restoring electricity to floors 7-16 in Franklin Towers
A temporary fix that is providing partial power to residents on floors 7-16 has been in place since Friday.
Posted inBusiness, Local & State, New England, News
Versant Power seeks electricity rate hike
If approved, the average customer would pay about $120 more a year, starting next July.