CMP estimates costs of the Maine Solar Subsidies with Net Energy Billing for 2023 will be almost 10 times the 2022 costs due to the rise in electric supply prices
2022 estimated Solar Costs to CMP Ratepayers = $97.89 million dollars
2023 estimated Solar Costs to CMP Ratepayers = $937.47 million dollars(Damn Near a Billion Dollars!!!!)
CMP Notes That SOLAR NEB Participants Can Escape These Costs Thanks to Legislative Screw-Ups.
Thanks for this Dan. It didn't take the entire iceberg to sink the Titanic, just the tip. This is the tip of the iceberg for Maine.
Vermont's own PUC admits net metered solar is by far the most expensive carbon reduction scheme. Regardless, the legislature continues to offer 25 year contracts for net metered solar for $98/mWh. 100kw wind gets $258/mWh for 20 years!
Democrat Governors have banded together to force ISO-NE to pursue a reckless path toward netzero 2050 by requiring ever increasing wind and solar. The ISO-NE strategic plan reads like a plan for energy poverty, and economic destruction.
Annual Revenue of CMP ( From PUC Website)
Contact: 83 Edison Drive, Augusta, ME 04336 (207) 623-3521
|Utility||# Customers||Annual Sales (MWh)||Annual T&D Revenue ($000)||Average Delivery Rate (¢/kWh)|
|Med.& Large Comm Industrial||12,007||4,859,472||$108,131||2.23|
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