Most CMP customers to see rise of nearly 50% in electricity supply rates

Utility regulators blame high natural gas prices on the continued surge in electric supply rates.

BY TUX TURKEL

PRESS HERALD

For a second year in a row, most customers of Central Maine Power will see their electricity supply rates rise in 2023, reflecting a trend driven largely by the high cost of natural gas that fuels many power plants in New England.

Beginning on Jan. 1, new “standard offer” supply rates for home and small business customers in CMP’s service area will rise from 11.8 cents per kilowatt hour to 17.6 cents, a 49% hike.

The PUC also selected bids for standard offer power supply in Versant Power’s Maine Public District, which is mostly in Aroostook County. The supply rate there for home and small business customers will change from 11.8 cents per kWh to 14.9 cents.

The rates were approved Wednesday by the Maine Public Utilities Commission, selected from an annual competitive bidding process that seeks the best deals from large power generators.

The state’s standard offer is the default supply for homes and small businesses that don’t sign contracts with a licensed competitive energy provider......................

Read the full article at:

https://www.centralmaine.com/2022/11/16/power-supply-rates-for-most...

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Comment by Dan McKay on November 17, 2022 at 3:34pm

More CMP hate mongering to follow. I would rather see a referendum to take over the Cousin's Island oil-fired plant than a takeover of CMP and Versant. 

Comment by Long Islander on November 17, 2022 at 10:10am

“Over the long run, supply prices should decrease as we bring on more renewables,” commission Chair Philip Bartlett said, “and utilities will be making significant investments in distribution in the years ahead.”

https://www.windtaskforce.org/profiles/blogs/governor-mills-stateme...

Comment by arthur qwenk on November 17, 2022 at 8:26am

They are lying as to the cause.

It is  the Green Left Wing Political Narrative,and the Majority has been Brainwashed into accepting it.

Welcome to the " Unreliable Renewable Reality".

There is an abundance of wonderful DENSE fossil fuels.

THEY JUST WON'T LET YOU USE THEM, because, THEY DON'T WANT YOU TO!

REBEL!!!

 

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

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(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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We have the facts on our side. We have the truth on our side. All we need now is YOU.

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 -- Mahatma Gandhi

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Vince Lombardi 

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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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