AUGUSTA (AP) – Starting in September, some Maine businesses will face double-digit increases in their standard offer electric rates.
The Public Utilities Commission on Tuesday approved new energy prices, which apply to customers that have not made their own electricity supply arrangements.
Large business customers of Central Maine Power will see their standard offer prices rise 32 percent, while those for medium-size customers will go up 23 percent.
For Bangor Hydro customers, the figures are just under 20 percent for large businesses and 21 percent for medium businesses.
PUC Chairman Sharon Reishus said the higher rates reflect increases in wholesale electricity costs, largely due to hikes in fuel costs for power plants fired by natural gas.
AP-ES-07-30-08 0731EDT
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