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.
Versant Power
Posted inBusiness, Local & State, News
Advocates and foes of consumer-owned power say they have enough signatures for dueling 2023 ballot questions
Groups for and against the creation of Pine Tree Power, a nonprofit electric utility, say they have petitions that would create competing referendums.
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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
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
Average CMP bill to decrease almost 3% for home customers starting in July
State utility regulators estimate the average residential customer bill will decrease by $3.40 a month, or 2.7 percent of the total bill.
Posted inBusiness, Local & State
As energy prices rise, thousands of Mainers at risk of losing power
More than 2,000 Maine households have been disconnected over the past month, and tens of thousands more are struggling with past-due balances.
Posted inOp-Eds, Opinion
Commentary: Seizing Maine’s utilities won’t get us closer to clean-energy future
Our enemies are rising prices and rising global temperatures – not CMP and Versant.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: For-profit utilities still hold the keys to our climate transition
Despite modest steps, CMP and Versant will still make progress difficult and costly.
Posted inBusiness, Local & State
Mainers likely to endure high electric rates into 2023
The reactions of global energy markets to Russia’s war in Ukraine are expected to keep electric rates up in Maine next year.
Posted inBusiness, Local & State
Consumer advocates push for strict standards in proposed Maine utility rating system
The Maine Public Utilities Commission is weighing a system of regular report cards and possible penalties for power utilities in the state.