It would take years to establish the new rates, Maine’s top utility regulator told the Legislature’s Energy, Utilities and Technology Committee.
electricity rates
Posted inBusiness, Local & State
Mainers may see more savings from using electricity during off hours
Regulators say expanding time-of-use rates to the supply side of electric bills could cut costs and take pressure off the grid. Currently, customers can only save on delivery costs when they use electricity early in the morning or late at night.
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Posted inBusiness, Local & State, News
CMP electricity rates are going up. Here’s what’s driving it.
The costs of restoring power after storms and funding state renewable energy policies are the biggest factors increasing Central Maine Power Co. bills.
Posted inBusiness, Local & State, News
CMP bills to rise at least $10 a month; destructive storms blamed
State regulators approve the increase to cover the $220 million cost of restoring power after recent storms, and promise a proceeding in the ‘near future’ to consider how to balance storm response with affordability.
Posted inBusiness, Local & State, News
Maine’s public advocate criticizes state’s tentative settlement with Electricity Maine
Under the agreement, thousands of customers who were overcharged for electricity would be reimbursed anywhere from $10 to $4,000. But Public Advocate Bill Harwood says stricter sanctions are needed.
Posted inBusiness, Local & State, News, Politics
Maine House rebuffs plan to use performance as guide for utility rates
Several Democrats joined solid Republican opposition to reject legislation that proposes a first step in judging utilities’ performance when setting rates.
Posted inBusiness, Local & State, New England, News
Rate-setting practice for ‘standard offer’ power supply is costing Mainers millions
The state is the only one in New England where customers are locked into ‘standard offer’ prices for 12 months.
Posted inBusiness, Local & State, News
Amid rising electric bills, a decrease in the cost of supply will soften the blow for many
The ‘standard offer’ that many Mainers pay for the supply of their electricity will decrease starting July 15, after the Maine Public Utilities Commission adjusted the rate. Overall electric bills will still rise, but not as much.
Posted inBusiness, Local & State, News
Rate hike approvals add to rising bills for CMP, Versant customers
The PUC approved an increase tied to renewable energy policies that will combine with a previous rate hike to raise an average CMP customer’s bill by more than $10 a month beginning July 1.
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.