Standard Offer Rates for Central Maine Power - Residential and Small Commercial Customers

CMP Historic Standard Offer Prices: Residential and Small Commercial Customers
Docket Dates Price ($/kWh)

2021-00073

Jan 2022 - Dec 2022

Suppliers: 34% Next Era Energy Marketing, LLC, 33% New Brunswick Energy Marketing Corporation, 33% Constellation Energy Commodities Group Maine

$0.118161 

2020-00200

Press Release

November 18, 2020

MPUC Sets Standard Offer Electricity Rates for 2021; Rates Decrease for Second Year

Hallowell, Maine - Residential and business customers of CMP will pay lower rates for electricity supply in 2021, as a result of the Maine Public Utilities Commission's competitive bid process for setting Standard Offer Supply prices.

The decrease amounts to nearly a 12 percent reduction in the supply portion for residential and small business customers. This equates to a 5.1 percent reduction in the total residential customer bill, which averages 550 kWh monthly. This amounts to a monthly savings of $4.70, or $56.38 annually. A monthly bill of $91.38 would decrease to $86.68 per month.

Medium Class customers will also see an average decrease of about 12 percent in the supply portion of their bill, meaning a medium-sized business using 20,000 kWh a month will see savings of approximately $2,000 annually.

"We are pleased that prices have decreased again this year for CMP customers as well as Versant customers, as we announced yesterday. Many Maine residents are finding it hard to make ends meet and businesses are struggling to keep their doors open due to impacts of the pandemic," Chairman Philip L. Bartlett II said. These decreases reflect electricity supply and demand conditions in New England and their impact on wholesale energy markets.

These decreases do not apply to customers who purchase their own electricity supply in the market. Those who do not purchase electricity from a supplier of their choosing will receive Standard Offer Supply by default.

Multiple bidders submitted sealed proposals in the Commissions annual competitive process for setting Standard Offer Electricity Supply Prices. The Standard Offer accounts for approximately 50 percent of sales in CMPs service area and about 40 percent of the customer bill.

The pricing for CMP customers is summarized in the chart below and affects only those customers who receive Standard Offer Supply Service.

For CMP Medium Business Customers, the new prices vary by month, averaging 6.16 cents per kWh. CMP medium-class businesses will see an average 12% decrease annually in the supply portion of their bill.

Prices for CMP large business customers will be indexed to market prices and set in advance of each month.
The names of the suppliers selected for CMP will be released in two weeks, allowing time for power supply arrangements to be finalized.

Standard offer service prices

About the Commission

The Maine Public Utilities Commission regulates electric, telephone, water and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for all ratepayers. Commission programs include Maine Enhanced 911 Service and Dig Safe. Philip L. Bartlett, II serves as Chairman, Bruce Williamson and Randall Davis serve as Commissioners.

CONTACT: Susan Faloon, Media Liaison CELL: 207-557-3704 EMAIL: susan.faloon@maine.gov Facebook.com/MainePUC

 

Jan 2021 - Dec 2021

Suppliers: NextEra Energy Marketing, LLC (67%) and New Brunswick Energy Marketing Corporation (33%)

$0.064494

2019-00163

Press Release

November 13, 2019

MPUC Sets New Standard Offer Electricity Prices with a 19-20% Decrease for Residential and Small Businesses; 22-23% Decrease for Medium Businesses

Hallowell, Maine - November 13, 2019 Residential and business customers of Central Maine Power Company (CMP) and Emera Maine-Maine Public District (MPD) will pay lower rates for electricity supply throughout 2020, as a result of the Maine Public Utilities Commission's competitive bid process for setting Standard Offer Supply prices.

For typical CMP residential bills based on 550 kWh monthly usage, the anticipated monthly savings will be $9.35, or $112 annually. Monthly bills are expected to drop from about $95.53 a month to $86.18 a month, a 9.8% percent decrease.

"As we noted yesterday, locking in a lower price of a basic necessity for 2020 helps both residents and business owners better manage tight budgets," Chairman Philip L. Bartlett II said. These lower prices reflect electricity supply and demand conditions in New England and their impact on wholesale energy markets, said Commissioner Bruce Williamson.

Multiple bidders submitted sealed proposals in the Commissions annual competitive process for setting Standard Offer Electricity Supply Prices. The Standard Offer accounts for approximately 50 percent of sales in CMPs service area. The pricing for CMP and Emera-MPD is summarized in the chart below and affects only those customers who receive Standard Offer Supply Service.

Central Maine Power Company 2019 2020 % Decrease Residential/Small Business Standard Offer Supply Price 9.00 /kWh 7.30 /kWh 19% Typical Residential Total Bill (assumes 550 kWh monthly usage) $95.53/month $86.18/month 9.8% Medium Business Customers Annual Average Supply Price 8.95 /kWh 7.00 /kWh 22%

Emera Maine-Maine Public District
Residential/Small Business Standard Offer Supply Price 8.46 /kWh 6.73 /kWh 20% Medium Business Customers Annual Average Supply Price 8.34 /kWh 6.43 /kWh 23%

For CMP Medium Business Customers, the new prices differ by month, ranging from 5.2 /kWh in June to 10.8 /kWh in January. On an annual average basis CMP medium businesses will see a 22% decrease. Emera-MPD Medium Business Customers will see a 23% decrease. Prices for large CMP business customers will be indexed to market prices and set in advance of each month, as was done last year for large business standard offer service.

The prices above do not apply to customers who purchase their own electricity supply in the market. The names of the suppliers selected for CMP will be released in two weeks, allowing time for power supply arrangements to be finalized.

Background: Electricity customers in Maine receive standard offer service if they have not purchased supply from another retail supplier or through an aggregator. Currently, standard offer service represents about 52% of the supply used by CMP customers. Maine law requires the Commission to ensure that standard offer service for electricity supply is available to all customers in Maine. The Commission arranges for standard offer service through periodic competitive bid processes.

Standard offer service prices

About the Commission

The Maine Public Utilities Commission regulates electric, telephone, water and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for all ratepayers. Commission programs include Maine Enhanced 911 Service and Dig Safe. Philip L. Bartlett serves as Chairman, Bruce Williamson and Randall Davis serve as Commissioners.

Press Contact Name: Harry Lanphear, Administrative Director Phone: (207) 287-3831 Email: Harry.Lanphear@Maine.gov

 

Jan 2020 - Dec 2020

Suppliers: NextEra Energy Marketing, LLC (67%) and New Brunswick Energy Marketing Corporation (33%)

$0.073037

2018-00192

Press Release

December 10, 2018

Hallowell, Maine. In competitive solicitations concluded today, the Maine Public Utilities Commission ("Commission") accepted bids and set new prices for standard offer electricity supply for customers of Central Maine Power (CMP) who receive standard offer supply service. The new prices are effective for a twelve-month term beginning January 1, 2019.

For CMP residential and small business customers who receive standard offer supply service, the accepted bids result in a new standard offer supply price of 9.0 cents/kWh, which is a 13.7% increase compared to the supply price in 2018. Looking at the total residential bill combining supply and delivery service, an average residential customer could expect to see an increase of about 6.7% in their monthly bill.

For CMP medium business customers, the new prices differ by month, equating to about 8.95 cents/kWh on average over the year, varying from 6.6 cents/kWh in September to 14.2 cents/kWh in February. These medium class prices are about 7.8% higher than prices last year. Prices for large business customers will be indexed to market prices and set in advance of each month, as was done last year for large business standard offer service.

These new prices apply only to standard offer supply service, which reflects about 49% of the sales in CMP's service area. The prices do not apply to customers that purchase their own electricity supply in the market. "The standard offer prices set this week reflect the best bids received from a competitive auction process," according to Commission Chairman Mark Vannoy. "As the Commission stated last week, these price increases are driven by increases in wholesale electricity market prices in New England due primarily to constraints on the availability of natural gas in the region. As noted in a recent press release from the ISO-New England, the region's natural gas delivery infrastructure has expanded only incrementally, while reliance on natural gas as the predominant fuel for both power generation and heating continues to grow. The region has yet to address New England's natural gas infrastructure needs." The names of the suppliers selected will be released in two weeks, allowing time for power supply arrangements to be finalized.

Background: Electricity customers in Maine receive standard offer service if they have not purchased supply from another retail supplier or through an aggregator. Currently, standard offer service represents about 49% of the supply used by CMP customers. Maine law requires the Commission to ensure that standard offer service for electricity supply is available to all customers in Maine. The Commission arranges for standard offer service through periodic competitive bid processes. 

Standard offer service prices

The Maine Public Utilities Commission regulates electric, telephone, water and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for all ratepayers. Commission programs include Maine Enhanced 911 Service, and Dig Safe.

Contact: Harry Lanphear, 287-3831

 

Jan 2019 - Dec 2019

Suppliers: NextEra Energy Marketing 34%, Constellation Energy Commodities Group Maine, LLC 33%, New Brunswick Energy Marketing Corporation 33%

$0.090029

2017-00184

Press Release

November 8, 2017

Electricity Supply Prices Set for Standard Offer Service in Central Maine Power Territory Hallowell, Maine - In competitive solicitations concluded today, the Maine Public Utilities Commission ("Commission") accepted bids and set new prices for standard offer electricity supply for customers of Central Maine Power (CMP) who receive standard offer supply service. The new prices are effective for a twelve-month term beginning January 1, 2018. For CMP residential and small business customers who receive standard offer supply service, the accepted bids result in a new standard offer price of 7.921 cents/kWh, which is an 18% increase compared to the supply price in 2017. Looking at the total residential bill combining supply and delivery service, an average residential customer could expect to see an increase of about 8% in their monthly bill. For CMP medium business customers, the new prices differ by month, equating to about 8.298 cents/kWh on average over the year, varying from 6.6 cents/kWh in May to 11.6 cents/kWh in February. These medium class prices are about 21% higher than prices last year. Prices for large business customers will be indexed to market prices and set in advance of each month, as was done last year for large business standard offer service. These new prices apply only to standard offer supply service, which reflects about 50% of the sales in CMP's service area. The prices do not apply to customers that purchase their own electricity supply in the market.

The standard offer prices set this week reflect the best bids received from a competitive auction process, according to Commission Chairman Mark Vannoy. As with the Emera auction yesterday, the price increases for this CMP auction are primarily driven by the increase in capacity market clearing prices in New England. The capacity cost increases in the New England regional wholesale market were set in an auction conducted by ISO-NE three years ago. The higher prices result from the need for new generating plants to replace plants that were retiring. The names of the suppliers selected will be released in two weeks, allowing time for power supply arrangements to be finalized. Background: Electricity customers in Maine receive standard offer service if they have not purchased supply from another retail supplier or through an aggregator. Currently, standard offer service represents about 50% of the supply used by CMP customers. Maine law requires the Commission to ensure that standard offer service for electricity supply is available to all customers in Maine. The Commission arranges for standard offer service through periodic competitive bid processes.

Standard offer service prices

The Maine Public Utilities Commission regulates electric, telephone, water and gas utilities to ensure that Maine citizens have access to safe and reliable utility service at rates that are just and reasonable for all ratepayers. Commission programs include Maine Enhanced 911 Service, and Dig Safe.

Contact: Harry Lanphear, 207-287-3831

 

Jan 2018 - Dec 2018

Suppliers: NextEra Energy Power Marketing, LLC (67%), Constellation Energy Commodities Group Maine, LLC (33%)

$0.0792063