Between 2014 and 2024, the average retail price for electricity in Maine increased by the third highest rate in the country, according to an analysis by The Maine Monitor, surpassed only by California and Massachusetts.
The average retail price of electricity in Maine during the 10-year period rose from 12.65 cents/kWh to 19.62 cents, according to data collected by the federal Energy Information Administration. That’s an increase of 55 percent.
At the same time, the average retail price of electricity in the United States rose from 10.44 cents/kWh to 12.99, or 24 percent.
Maine’s rate of increase, then, was more than twice the national average. But it was considerably less than California, which saw its average price grow from 15.15 cents/kWh to 27 cents, a 78 percent jump.
In New England, Maine was followed by Massachusetts, which climbed from 15.35 cents to 23.98 cents, or 56 percent. Rhode Island grew at more than 54 percent, going from 15.41 cents in 2014, to 23.85 cents last year.
As electricity demand grows, affordable power is critical to a viable energy policy. But Maine’s energy policy is under fire: in Washington, the Trump administration is moving to withdraw most federal financial support for clean electricity in favor of boosting oil, coal and natural gas. It also has begun to challenge state efforts aimed at slowing global warming.
In Augusta, Maine continues to debate the impact of solar incentives on electricity bills.
Against that backdrop, why did Maine’s electricity prices grow so fast, and what might it mean for the quest to make electricity more affordable in the future?
Continue reading at https://themainemonitor.org/electricity-prices-third-fastest-rate/
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Comment
When State Governments decide to be the middleman between wholesale and retail electricity prices, it is a safe bet that prices will go up and shortages will prevail, and, then intervention and rationing of electricity is soon to come. It is all in the "Climate Action Plan" developed by the renewable zealots who make up the Governor Mill's Energy Office led by Dan Burgess, a deep state plant.
The day Maine people have to rely on grid scale batteries as the electricity of last resort will be the last devastating blow to the big, beautiful electrical energy system invented by American heroes, Thomas Alva Edison and Nikola Tesla.
Maine is trying to beat California down a rathole, with Vermont not far behind, just like the UK electricity price to users, c/kWh, has finally outdone Germany and Denmark, which used to be the leaders of high-priced electricity in Europe.
U.S. Sen Angus King
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 - 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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