Skip First Level Navigation | Skip All Navigation
|Home | Contact Us | News | FAQ||
Site Map |
New Standard Offer Electricity Prices Set for CMP and BHE Commercial and Industrial Customers
Prices Remain Stable for Most Customers
July 28, 2009
AUGUSTA, Maine – The Maine PUC today accepted standard offer service bids for medium and large commercial and industrial (C&I) customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE).
The new prices, which are effective for a six-month term beginning September 1st, 2009, apply only to customers that have not made their own electricity supply arrangements. Currently, about 30% of the supply for these classes is provided by standard offer service. The new prices do not apply to residential or small commercial customers, for whom existing prices remain in effect.
Standard offer prices vary by customer class and by month. On average, the new prices are 6.9 cents per kWh for BHE medium C&I customers; 8.3 cents per kWh for BHE large C&I customers; and 6.8 and 6.9 cents per kWh for CMP medium and large C&I customers, respectively. For most customers, these are comparable to prices currently in effect, although for the CMP large class, the new prices reflect a decrease of almost 20%.
“The standard offer bids continue to track market conditions,” noted Chairman Sharon M. Reishus, “reflecting the relative stability of the market during the last few months.” Reishus further noted that, although the new bids provide stable prices for many Maine businesses and substantial reductions for some, the supply market remains unpredictable and volatile due to the region’s reliance on natural gas and oil to generate power.
Under Maine’s retail electric access rules, the PUC must ensure that standard offer service is available to all customers in Maine. The selected bids were chosen following a competitive process administered by the PUC; the names of the winning suppliers will remain confidential for two weeks, allowing time for supply arrangements to be finalized.
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.
For more information on standard offer service and other issues, including a list of retail suppliers with whom customers may contract for supply service for terms of longer than six months, please see http://www.maine.gov/mpuc/electricity/standardofferrates/index.html
For information about efficiency measures and programs for Maine businesses, please see the Efficiency Maine website.
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. The Commission’s website, www.maine.gov/mpuc may be accessed through the Maine School and Library Network at all public libraries in Maine.
CONTACT: Faith Huntington, 207-287-1373, email@example.com
|Copyright © 2008 All rights reserved.|