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PublishedNovember 29, 2023
Mainers will pay $30 less per month on average for electricity in 2024
The standard-offer rate for Central Maine Power customers will decrease by 35%; Versant Power customers will see a 24% drop. The decreases are the result of a big drop in natural gas prices.
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PublishedOctober 29, 2023
Some relief expected for Maine electricity customers come January
Analysts expect a 20%-30% drop in supply rates, but there’s still plenty of uncertainty with the Public Utilities Commission set to select bids next month for 2024 standard offer service.
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PublishedJuly 13, 2023
Here’s why electricity bills in Maine are getting more expensive this month
The Maine Public Utilities Commission explained some of the reasons for multiple rate changes that are beginning to impact customer bills.
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PublishedJune 6, 2023
CMP rate hike approved by regulators, will increase home bills nearly $2 next month
Under a compromise approved Tuesday, typical Central Maine Power residential customers will see bills will rise 1% in July and then increase roughly $5 by the middle of 2025.
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PublishedMay 22, 2023
Versant Power rate deal would hike bills $5 a month for home customers
The settlement agreement, which must be approved by the Public Utilities Commission, would increase the monthly bill for the typical residential customer by 4%.
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PublishedMay 1, 2023
CMP, public advocate in negotiations to settle rate hike request
A meeting is slated for Wednesday in confidential talks between Central Maine Power and the public advocate over a proposed increase that would take effect Sept. 1.
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PublishedDecember 9, 2022
State’s public advocate seeks $75 electricity credit for low-income Mainers
The request comes ahead of rate hikes for customers of Central Maine Power Co. and Versant Power that go into effect next month.
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PublishedOctober 18, 2022
Maine small businesses will get help with spiking electricity bills
A state program will provide credits of more than $2,000 to hundreds of businesses to provide relief from high electric rates.
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PublishedOctober 16, 2022
Rate hike 2.0: Electricity supply costs due to rise again next year
New England's natural gas crunch and Russia's war are pushing electric rates higher.
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PublishedJune 14, 2022
Average CMP bill to decrease almost 3% for home customers starting in July
State utility regulators estimate the average residential customer bill will decrease by $3.40 a month, or 2.7 percent of the total bill.
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