Solar Generation in Maine is the biggest rip-off in history

Net Energy Billing The facts that escape the Maine legislature
The chart below is the revenue lost by Central Maine Power on NEB in delivery charges. The ratepayers of CMP will compensate CMP for these lost revenues plus administrative costs. That's just half the story. Read on below the chart.
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The images below are from the ISO-NE, ISO Express website;
    
The first image is the real time price which is the price the market pays for generation to top off the day ahead generation which is displayed in the second chart. The day ahead price accounts for 95% of required generation to match load.
The real time can be volatile but generally averages out to day ahead prices over time
For 2023, the day ahead price on the wholesale market averaged $37 per megawatt hour 
For 2023, the real time wholesale market price averaged $36 per megawatt hour
Remember 1 megawatt hour equals 1000 kilowatt hours.
The Retail supply price as assigned by the standard offer was $0.171310 per kilowatt hour
The Wholesale supply price paid to generators was 37 divided by 1000 or $0.037 per kwhr.
Using CMP's Production number from NEB table above = 423,263,526 Kwhr
Solar developments received 423,263,526 times 0.171310 = $72,509,274 which 
All other generators were paid the wholesale price of .037 per kwhr which would amount to a significantly lower price if it had replaced solar.

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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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