That’s bad news for the cost of electricity in Maine, where experts said the state should hasten energy project permitting and transmission interconnection to keep prices down long-term.
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Posted inBusiness, Local & State, News
Maine expands low-income electricity savings program
Starting next fall, funding will be increased nearly 50%, and thousands more residents are likely to benefit.
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Posted inBusiness, Local & State
Maine electricity supply cost may rise in addition to rate increase sought by CMP
The supply cost hike is tied largely to wholesale natural gas prices that are on track to keep rising in 2026, in part because more gas will be shipped overseas.
Posted inBusiness, Local & State, News
Starting in April, utilities can cut off power to Mainers with unpaid bills
State law prohibits Central Maine Power Co. and Versant Power from pulling the plug on delinquent customers from Nov. 15 to April 15. Consumer advocates and utilities are urging people to reach out.
Posted inBusiness, Local & State, News
Maine’s public advocate seeks access to billing data from electricity suppliers
The move is meant to help determine how much competitive electricity providers overcharge low-income customers.
Posted inBusiness, Local & State, News
Cutting clean energy tax credits would drive up Maine power bills
Eliminating tax credits could lead to a loss of $22 billion a year in clean power investment in the U.S. In Maine, the loss would be $100 million annually, according to a report.
Posted inBusiness, Local & State, News
Maine electricity bills increased again this month
The money will pay for costly improvements to transmission lines across New England, but critics say it’s excessive.
Posted inBusiness, News
CMP customers will pay slightly less for electricity next year. It might not last.
Natural gas prices that play a big role in electricity generation in New England have settled, giving ratepayers a modest break in their monthly bills.
Posted inBusiness, Local & State, News
CMP costs for ‘service agreements’ with other utilities under scrutiny
Tens of millions of dollars could be at stake for customers as the state Public Advocate looks into expenses split among 7 Avangrid subsidiaries.
Posted inBusiness, Local & State, News
Electricity Maine ordered to refund $6 million to customers
State regulators also imposed a $315,000 penalty against the Houston company for overbilling and temporarily capped how much it can charge customers.