AUGUSTA – Central Maine Power Co. has cut its rates for residential and small business customers by 3 percent.
The company says the reduction in its price to deliver electricity should save a customer who uses 550 kilowatt-hours of power monthly $1.08 per billing period or about $13 annually.
“We made a long-term commitment to keep electric delivery rates low for customers,” said CMP President Sara Burns in announcing the price cut. “With this new rate, our prices are down almost 33 percent since January of 2000.”
CMP delivers electricity to more than 580,000 homes and businesses. The rate reduction doesn’t affect the actual price of electricity, which is generated by other companies. CMP is a conduit, delivering the power and then collecting payment for both delivery as well as electricity.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.