Tax credits that have protected Maine are ripe targets for Republican cuts — unless our senior senator steps up to stop them.
electric bills
Posted inBusiness, Local & State, News
Gas pipeline operators’ push for higher rates could spark increase in electricity costs
Besides delivering gas to homes, the pipelines also supply power plants that generate electricity, meaning the requests before the Federal Energy Regulatory Commission will have a ripple effect on the cost of electricity.
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Posted inBusiness, Local & State, News
Lawmakers consider authorizing regulators to set electric rates based on performance
The Maine Public Utilities Commission would use metrics gauging the service provided by Central Maine Power and Versant Power when considering a rate increase.
Posted inBusiness, Local & State, News
Proposal would extend program for low-income electricity customers struggling to pay bills
A law that helps customers catch up on past-due electric bills by forgoing a portion of the past amount is set to expire in September.
Posted inBusiness, Local & State, News
Mainers will pay $30 less per month on average for electricity in 2024
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.
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.
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.