Maine Public Utilities Commission
Website: http://www.maine.gov/mpuc/, Email: email@example.com
CONTACT: Nicole Clegg, 207-287-8519, Nicole.Clegg@maine.gov
July 25, 2006
New Electric Standard Offer Rates to
begin in September for
Commercial and Industrial Customers
AUGUSTA, Maine – Yesterday, the Maine PUC accepted bids on new standard offer energy rates for medium and large commercial and industrial (C&I) customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE). The rates, effective September 1, 2006, extend for six months. For CMP, the new prices are on average about 10.0 cents/kWh for the medium class, up from 9.5 cents/kWh and 10.1 cents/kWh for the large class, down from 10.2 cents/kWh. BHE new standard offer prices are about 10.2 cents/kWh for the medium class, up from 9.7 cents/kWh and 9.8 cents/kWh for the large class, up from 9.7 cents/kWh. The new rates reflect a slight increase for medium customers and a slight decrease for large CMP customers.
“The good news for businesses is
that for this year their rates will have remained relatively stable,” stated
Kurt Adams, chairman of the Maine PUC. “It is important to note, however, that
standard offer rates are largely driven by oil and natural gas prices because these
two fuel sources dominate the
Standard offer service is the default supply for electricity customers, meaning customers receive it if they have not purchased supply from another retail supplier or through an aggregator. Currently, about 35% of the electric load for CMP and BHE medium and large C&I customers is standard offer; the remaining customers receive their energy supply from other retail suppliers.
Residential and small commercial customers of CMP and BHE are unaffected by yesterday’s decision and will continue to receive standard offer service at prices determined earlier this year – 8.38 cents/kWh for CMP customers and 8.71 cents/kWh for BHE customers. The residential/small commercial rates remain in effect through February 2007.
Also during Monday’s deliberations,
the PUC issued a request for comments on whether or not energy efficiency and
conservation should be included in the standard offer bidding process for
residential/small customers. Other states including
Standard Offer and Delivery Rates:
The Public Utilities Commission is committed to ensuring that consumers have access to safe and reliable service for public utilities and that the rates for these utilities are just and reasonable. PUC programs include Maine Enhanced 911 Service, Dig Safe, and Efficiency Maine.
To arrange an
interview with Chairman Adams or Commissioner Reishus, please contact Nicole
Clegg at 207.287.8519 or by e-mail at firstname.lastname@example.org. The Commission’s website, www.maine.gov/mpuc may be accessed through