standard offer
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PublishedJuly 16, 2023
Rate-setting practice for ‘standard offer’ power supply is costing Mainers millions
The state is the only one in New England where customers are locked into 'standard offer' prices for 12 months.
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PublishedJune 30, 2023
Amid rising electric bills, a decrease in the cost of supply will soften the blow for many
The 'standard offer' that many Mainers pay for the supply of their electricity will decrease starting July 15, after the Maine Public Utilities Commission adjusted the rate. Overall electric bills will still rise, but not as much.
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PublishedFebruary 8, 2023
State utility regulators to vote on probe of Electricity Maine
The competitive electricity provider has come under fire for high rates and customer dissatisfaction.
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PublishedFebruary 1, 2023
Competitive power supply market isn’t working, report says
Allowing consumers to choose their electricity supply companies has failed to lower rates for home customers, according to recommendations given to the Legislature on Wednesday.
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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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PublishedNovember 16, 2022
Most CMP customers to see rise of nearly 50% in electricity supply rates
Utility regulators blame high natural gas prices on the continued surge in cost. The new rate will take effect in January.
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PublishedNovember 15, 2022
Rate hike will bump up average Versant Power electric bill by $24 a month
The standard-offer rate, the price customers pay for the supply of power, is rising 41% next year in northern and eastern Maine. A similar increase may be in store for Central Maine Power customers.
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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.