CMP customers to pay an average of $30 more per month in 2022 for electricity
This story will be updated.
Most Central Maine Power Co. residential and business customers will have to pay 83 percent higher electricity bills in 2022, the result of rapidly escalating prices for the natural gas that powers New England’s energy grid, a state regulatory agency said Wednesday.
The sharp increase in the electricity supply rates, announced by the Maine Public Utilities Commission, resulted from the agency’s competitive bidding process for standard offer prices, a default rate for those who do not buy electricity from a third party. An electricity bill includes two components, electricity supply and delivery. The electricity supply rate is set by the competitive bidding process required by Maine law, not by the electric companies.
The agency said the rates reflect the almost 95 percent increase in natural gas prices from October 2020 through October 2021. The natural gas prices drive the cost of electricity.
More here:
https://bangordailynews.com/2021/11/17/business/cmp-customers-to-pa...
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Next time environmental groups block natural gas pipelines.....remember this
To PUC chair Phil Bartlett: HOPE IS NOT A STRATEGY. "Bartlett blamed soaring wholesale electricity prices, driven by the elevated cost of natural gas, which powers more than half New England’s electricity generation......“We knew it was going to be high, but it’s very hard to gauge,” he said of the overall bid environment. “We hoped it would have been lower.”
The sharp increase likely foreshadows a similar change in the supply rate for Central Maine Power customers in 2022, to be determined Wednesday.
By Tux Turkel Staff Writer
EXCERPTS:
Most Versant Power residential customers who buy their electricity via the state’s “standard offer,” or default power supply, will see the rate jump by roughly 88 percent next year, based on a competitive bid selected Tuesday by the Maine Public Utilities Commission.
The rate hike will bring the supply rate from roughly 6.2 cents per kilowatt-hour to 11.6 cents, adding roughly $30 per month to the bill of a household with a typical usage of 550 kilowatt-hours, the PUC said. That will raise a typical home bill from roughly $101 to $131 a month.
The sharp increase foreshadows what is likely to be similar jump in the supply rate for Central Maine Power home customers next year, to be determined Wednesday......................
.....................“I do recognize these prices are significantly higher than last year’s rates,” PUC Chair Philip Bartlett said after announcing the new prices..............................
..........................On Wednesday, the PUC commissioners will meet to choose a standard offer supplier in CMP’s service area, which will determine the 2022 price increase for most of its residential customers...........................“The standard offer prices for electricity coming before the PUC this week are the direct result of New England’s over-reliance on natural gas to power its electrical grid,” Dan Burgess, director of the Governor’s Energy Office, said in a statement Tuesday. ...................................
The full article can be read at: https://www.pressherald.com/2021/11/16/versant-power-home-customers...
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Comment
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Comment by Dudley G. Gray on November 18, 2021 at 1:33pm
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Penny, None of the newspapers will publish my letters unless they edit them to "milke toast"" The concentration of the ownership of Main'e printed press is another abomination. Thanks Penny I appreciate you encouragement. Dud
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Dudley Gray, your excellent summary should be published in all the newspapers, full page with color photos of our mountains being trashed and then carpeted with six hundred foot tall pieces of junk.
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Eleven years of Industrial wind and solar farm destruction of our mountaintops and fields sure hasn't helped keep electricity rates low. It is not the fault of natural gas prices per se, but rather the failure of the PUC to see it coming and just where is our Public Advocate? All I see is the PUC giving cover to the so-called renewable so they could accomplish their operations at a profit. The Biden administration shutdown projects that would have kept Nat Gas @).02- .03,. Instead we are importing it from Russia. This is nuts.
Were Paul LePage still governor he would have purchased Hydro Quebec power for .045- .05 cents per KWH
and delivered it to us via NECEC and since only a third of the corridor is being used for the Massachusetts deal our supply rates would have stayed in the .07 cents range instead of .116. As I have repeatedly stated fix was in long ago when the legislature at the behest of Gov Angus King split our utilities into two separate entities . The insiders of Bangor Hydro and CMP got rich in the deal and as usual ratepayers got the shaft.Then Gov. Baldacci continued to carry the ball with the expedited wind law which enabled the aforementioned industrial wind destruction of Maine''s vistas and further enriched Angus King so he could represent us in the U.S. Senate subsequent to his receiving millions in "success fees" from his 21 unit Record Hill Wind project in Roxbury, which he then sold out to his partner Robert Gardiner former Pres. of Maine Public Broadcasting . Like they say, just follow the money from either a dumb or corrupt legislature , the to the Democrat administrations to the crony capitalist corporations of Nextera,Iberdrola, Avangrid,of which Former Gov. Baldacci is vice-chairman, then on to our own participants Cianbro and Reed and Reed ,the owners and constructors of all this. junk that will eventually end up in our landfills. This is my story and I'm sticking to it.
Dudley Gray
Rangeley, Plantation
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Comment by Dan McKay on November 17, 2021 at 5:44pm
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At300 kwh per month, the new electric rate for Maine in the CMP delivery area is 24 cents per kw-hr
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Just reading the comments on the Portland Press Herald article is extremely discouraging.
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Germany, 38 cents a KWH delivered!
Maine has a long way to GO though.
Go "Maine Renewables"?
Nope I say, as far as Energy Policy directly is concerned, "Let's Go Brandon"!
Just turn back that thermostat a little more , as Mainer's start to see the impacts on food and the economy more based on UNRELIABLE RENEWABLES>
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So Mainers reject a lower environmental impact Hydro line from Canada which would have stabilized the electric costs, but is brainwashed into hating Avangrid and Hydro Quebec in favor of the tree hugger enviro-groups like NRCM who want every mountain populated with 600 ft wind towers.(as long as they are situated away from their sight in northern and western areas, away from Augusta and Portland).
The real costs of Unreliable's intermittent power is about to send Mainers into reality. Wind and Solar are expensive feckless energy subsidy toys for Augusta's graft ridden legislature. Ask US Senator Angus "The Windmill " King about his project at Record Hill how it works (the graft that is).
And Mainers are slowly learning who benefits from Windmills and "Green" balogna.
As Mainers get their pockets picked, (now shaken into reality,) for "Green OLD GRAFT" of the "GREEN NEW DEAL" .
SAD, Wake up Maine!
Get that Hydro Line in, Gas lines and dense fuel going , or suffer a slow death by "REnewables"
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Joe's Energy Policy.
Let's Go Brandon!
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..“The standard offer prices for electricity coming before the PUC this week are the direct result of New England’s over-reliance on natural gas to power its electrical grid,” Dan Burgess, director of the Governor’s Energy Office, said in a statement Tuesday.
Which is a direct result of New England's governmental promotion of unreliable resources which would cripple the electric market if it wasn't for natural gas backing up the "unreliables". It's simple, natural gas, as a merchant resource and as a resource of the last resort gets to set the price of electricity and will continue to set the price higher as unreliable renewables are subsidized into the market. They are of immense value as the resource that keeps the lights on. The attack on natural gas plants and pipelines by environmentalists is certain to advance the price skyrocketing and lead to the dreaded blackouts.
Natural gas-fired generation in Maine has considerably decreased over the last decade, but Maine has to import NG plant generation from across the border in exchange for the exportation of wind and solar during periods of their higher production.
Understand that the NECEC project was reliably constant electricity to counter the effect of the high saturation of natural gas-fired generation which is a counter to the higher saturation of unreliable renewables. NECEC was a buffer to escalating NG prices.
The current course of renewable build out plus the scaling back of natural gas along with the rejection of high quality, across the border hydro, is about to explode into interstate conflicts and finger pointing with every state blaming each other for the present predicament.
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Comment by Thinklike A. Mountain on November 17, 2021 at 11:26am
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This should not be a surprise; from three years ago:
Here’s Why Russia Is Delivering Loads Of Natural Gas to Massachusetts
https://www.windtaskforce.org/profiles/blogs/here-s-why-russia-is-d...
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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