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Versant Power to Distribute $8M in Rate Relief

Versant Power (formerly Emera Maine) has announced its approval of a deal to provide customers with $8 million dollars in rate relief to their distribution costs. This will apply to customers throughout the Bangor Hydro District and Maine Public District. Customers will see the savings on their bills starting in September and continuing throughout the … Read more

Utility plans rate hike amid criticisms about billing

By: CTPost.com | A Maine utility is looking for approval to increase electricity distribution rates by more than 10% for residential customers. Central Maine Power is asking the Maine Public Utilities Commission to sign off on the increase, which would result in a monthly increase of $3 for the average residential customer. The Portland Press … Read more

Central Maine Power will add explanation about higher 2019 rates to bills

By: Lori Valigra | In a proactive move, Central Maine Power Co. said Thursday it will add an explanation to customer bills to help them understand why parts of their bill may be higher in 2019. The move comes after an external auditing firm found that unusually high customer bills earlier this year were not … Read more

Electric rates increase for most central, southern Maine customers

By: Fosters.com | Most electricity customers in southern and central Maine will see higher electricity rates starting Jan. 1. The Portland Press Herald reports that the cost of power will go about 14 percent for such customers. The Maine Public Utilities Commission approved Monday to raise the standard offer rate for 2019 from 7.9 cents … Read more

Concern over electricity rates prompts wind contract review

By: The Sacramento Bee | Maine utility regulators, concerned that a contract that finances an offshore wind energy project could raise electricity rates, are taking another look at the agreement. The Maine Public Utilities Commission voted Tuesday to re-open the contract, the Portland Press Herald reported . The average Central Maine Power residential customer could … Read more

Cheap fuel, stagnant demand drive down New England wholesale prices

By: Robert Walton | New England power customers scored a good deal last year, with prices falling to one of the lowest points in the last 15 years, according to analysis from the region’s grid operator. With almost half the region’s power generation fueled by natural gas, the lower prices were mirrored on the fuel … Read more