Are You Kidding, PUC, A Measly 1 Cent Supply Rate Adjustment While Ratepayers Pay a 700% Markup ?
COMMISSION APPROVES REDUCTION IN STANDARD OFFER ELECTRICITY SUPPLY RATES FOR CMP AND VERSANT POWER BANGOR HYDRO DISTRICT STANDARD OFFER CUSTOMERS
June 30, 2023
Hallowell, Maine- The Maine Public Utilities Commission (Commission) approved a reduction in Standard Offer electric rates today that will impact residential, small and medium-class customers of Central Maine Power and Versant Power's Bangor Hydro District. The reduction is 1 cent/kWh which will result in cost savings of about $5.50 for an average residential customer of both utilities using 550 kWh of electricity per month. This only affects customers who receive Standard Offer Supply and will go into effect as of July 15, 2023.
Standard Offer supply rates were set in November though a competitive bid process conducted by the Commission, as required by Maine law. The supply rates included certain out-of-market costs related to regional fuel security initiatives and the Commission anticipated a true-up at about the six-month mark of the Standard Offer term. Given the complexity and volatility of market conditions at the time, these costs were difficult to forecast; but upon review of actual costs, the Commission has ordered a downward adjustment of rates to cover those costs.
"This news comes at a great time as customers are seeing an increase in other components of their electric bill," Chair Philip L. Bartlett II said. This decrease will offset a portion of those increases.
About the Commission The Maine Public Utilities Commission regulates electric, telephone, water, and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for all ratepayers, while also helping achieve reductions in state greenhouse gas emissions. Commission programs include Maine Enhanced 911 Service, gas safety and Dig Safe. Philip L. Bartlett, II serves as Chair, Patrick Scully and Carolyn Gilbert serve as Commissioners.
Learn more about the Commission at https://www.maine.gov/mpuc/
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Comment by Thinklike A. Mountain on July 2, 2023 at 11:17am
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Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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