Maine electric rates to fall next March
Gabor Degre | BDN
Bangor Hydro-Electric Co. meters outside an apartment building in Bangor. Buy Photo
Posted Nov. 08, 2012, at 8:49 a.m.
HALLOWELL, Maine — Electric rates are going down for residential and small commercial customers in Maine.
The Maine Public Utilities Commission says new standard offer prices are going down about 8 percent for Central Maine Power customers and more than 6 percent for Bangor Hydro Electric customers as of March 1.
The total bill for both electric supply and distribution will fall about 4 percent for CMP customers and 3 percent for Bangor Hydro customers.
PUC Chairman Tom Welch says the price reductions will lower electricity costs in Maine by about $20 million next year.
