The Maine Public Utilities Commission said the credit would have shifted costs to other struggling electricity customers.
electric rates
Posted inBusiness, Maine, News
Rate hike will bump up average Versant Power electric bill by $24 a month
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.
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Posted inBusiness, Maine, 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, Maine, New England, News
Pricy, imported natural gas will drive Maine’s electricity habit this winter
While the U.S. exports natural gas at record levels, New England will have to import it, in liquid form. That dependence could cost a typical Maine household an extra $22 a month in electricity.
Posted inBusiness, Maine, New England, News
Rate hike 2.0: Electricity supply costs due to rise again next year
New England’s natural gas crunch and Russia’s war are pushing electric rates higher.