One of the Many Devious Maine Policies That Increases Rates Every Year for Years to Come
RECs are bought by Maine electric customers and are included with the supply portion of their bill, and there is no opt-out choice.
The suppliers are obligated to purchase RECs to comply with the Maine Renewable Energy Standards.
The Renewable Energy Standards provide renewable energy projects huge profits by allowing them to sell RECs to suppliers who, in turn, include these costs in supply rates, such as the Standard Offer Provider and CEPs (Competitive Energy Providers such as "Electricity Maine")
The Renewable Energy Standards raises the amount of renewable energy that suppliers must purchase every year until 2040 when the amount will have to represent 100% of Maine's supply needs.
So, you can see as the REC amount rises every year, the corresponding rates must rise every year.
No one knows what happens after 2040, but everyone knows that Maine will never have 100% renewable energy as the sole source of electricity in Maine's power lines.
Maine has and will be paying dearly for useless paper certificates for who knows how long.
If someone sold you a product that has no value like RECs, you would rightfully consider it a crime.
BTW, a $60 per Megawatt-hour REC is 6 cents per kilowatt-hour plus at retail prices.
Maine residential customers purchase about 4.5 billion kilowatt-hours of electricity per year
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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
******** 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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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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