AUGUSTA, Maine — Maine utility regulators say electric prices for residential and commercial customers of Maine Public Service will decrease.
The Public Utilities Commission says new standard offer prices taking effect March 1 for residential and small and medium commercial classes will be 7.3 cents per kilowatt hour for three years. The new standard offer price for the large industrial class will be 9 cents per kilowatt hour.
The prices represent a 15 percent reduction for residential and small commercial customers, and a 21 percent reduction for medium commercial class. For the large industrial class, the decrease will be 10 percent the first year.
Electricity customers receive standard offer service if they don’t purchase from another retail supplier or through an aggregator.