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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

Households Pick Up Energy Costs Saved By Businesses

Since March, business closings across the nation have caused a marked decrease in the amount of energy consumed by commercial accounts. As many people are now working from home, it is often the employees who are picking up the difference in costs. A study by Columbia University, for example, found that New York City apartments … Read more

COVID-19 Pandemic Affects Electricity Demand, Prices

Summer temperatures always increase the load on electric grids across the country, but this summer, the COVID-19 pandemic has been another factor generators have had to consider. With many more people working from home, the demand on the system was expected to be higher this summer than in previous years. However, the question was to … Read more

Why Texas missed a nationwide drop in power prices

By: L.M. Sixel | Wholesale electricity prices last year fell nationwide except in one place — Texas. Here, they soared when an August heat wave gripped the state and repeatedly sent wholesale power prices up to the state’s maximum price of $9,000 per megawatt hour. In most of the U.S., average annual wholesale prices fell … Read more

PG&E profit increase blocked; CEO projects five more years of blackouts

By: Roland Li & Owen Thomas | Pacific Gas & Electric Co. and other California utilities can’t raise their profit margins even as they face billions of dollars in wildfire liabilities, the California Public Utilities Commission ruled Thursday. PG&E, Southern California Edison, Southern California Gas and San Diego Gas & Electric had sought higher profits … Read more

PUC warns of electric cost increases

By: The Bradford Era | The Pennsylvania Public Utility Commission is alerting consumers about the potential for large winter energy cost increases for electric customers who do not shop for competitive electric suppliers. To avoid the possibility of “sticker shock” from high bills during the coming cold months, the PUC reminds consumers that the start … Read more

ICC approves rate decrease for Ameren Illinois customers

By: WICS/WRSP Staff | The Illinois Commerce Commission has approved a rate decrease for Ameren Illinois. Starting in January, customers will pay about a dollar less a month on their electric bill. This is in addition to a 5% reduction in costs for customers.