April 24, 2018
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Maine electric rates to fall next March

Gabor Degre | BDN
Gabor Degre | BDN
Bangor Hydro-Electric Co. meters outside an apartment building in Bangor.
The Associated Press

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.

 


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