Most of Maine's electricity customers will pay higher rates next year
- Dec 11, 2018 2:41 pm GMT
The prices apply to customers of
The commission also set higher rates on
The price for CMP small business and residential customers receiving the standard offer rose 13.7 percent to
The commission's chairman,
For CMP medium business customers, the standard offer price will rise 7.9 percent to
The new rates go into effect
The medium business rates change in price each month, with a low of
The prices for
That means a typical residential bill, including the standard offer electricity and the distribution price, will be 6.5 percent higher in 2019.
Prices for medium business customers will rise from
The commission arranges for standard offer service through a competitive bidding process. The request for proposals for the standard offer prices for both
In his comments when announcing the standard offer increases for
"The price increases are driven by increases in wholesale energy market prices in
He referenced a recent announcement from
"The region needs to address
(c)2018 the Bangor Daily News (Bangor, Maine)
Visit the Bangor Daily News (Bangor, Maine) at www.bangordailynews.com
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