Remember how the volatility of fossil fuels required Maine Legislative action to control costs?
Well, the Legislature tasked the Maine PUC with arranging contracts between renewable energy projects and ratepayers of CMP and Versant. These contract arrangements included payments from ratepayers to the selected renewable projects and the payment prices were determined by the PUC involving "long term agreements" of 20 years.
In the case of Robbins Lumber who were awarded in 2015, a payment of 9.9 cents for each kilowatt hour sent to the grid and paid by CMP customers, CMP customers would have better off paying for volatible fossil fuel prices.
The PUC arranged contract has cost CMP customers $17,762,341 so far from a 7.5 MW biomass plant.
The Volatility of Fossil Fuels Would Have Been Less Expensive for CMP Customers, but for Government Intervention
by Dan McKay
39 minutes ago
Remember how the volatility of fossil fuels required Maine Legislative action to control costs?
Well, the Legislature tasked the Maine PUC with arranging contracts between renewable energy projects and ratepayers of CMP and Versant. These contract arrangements included payments from ratepayers to the selected renewable projects and the payment prices were determined by the PUC involving "long term agreements" of 20 years.
In the case of Robbins Lumber who were awarded in 2015, a payment of 9.9 cents for each kilowatt hour sent to the grid and paid by CMP customers, CMP customers would have better off paying for volatible fossil fuel prices.
The PUC arranged contract has cost CMP customers $17,762,341 so far from a 7.5 MW biomass plant.