Standard Offer Rates for Versant Power - Maine Public District - Large

Docket No. Period Price ($/kWh)

2021-00073

Supplier: New Brunswick Energy Marketing Corporation

Jan-22 $0.255880
Feb-22 $0.242190 
Mar-22 $0.151270 
Apr-22 $0.105710
May-22 $0.088310 
Jun-22 $0.091440 
Jul-22 $0.100810 
Aug-22 $0.103450 
Sep-22 $0.091150 
Oct-22 $0.093620 
Nov-22 $0.114080 
Dec-22 $0.147960 
   

2020-00200

Supplier: New Brunswick Energy Marketing Corporation (100%)

Press Release

November 17, 2020

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

Hallowell, Maine - Residential and business customers of Versant Power 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 a 10 percent reduction in the supply portion for residential and small business customers. This equates to a 3.6 percent reduction in the total residential customer bill, which averages 500 kWh monthly. This amounts to a monthly savings of $3.41, or $40.95 annually. A monthly bill of $94.08 month would decrease to $90.67 a month.

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

"We are pleased that prices have decreased again this year, as many Maine residents are finding it hard to make ends meet and businesses struggle 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 60 percent of sales in Versant Powers service area and about 34 percent of the customer bill.

The pricing for Versant Power customers affects only those customers who receive Standard Offer Supply Service. Standard Offer Suppliers for Versant Power-Maine Public District Residential/Small Business Class and Medium Business Class were awarded multi-year contracts last year. Those prices will be calculated and released on November 19, 2020.

For Versant Power-Bangor Hydro District Medium Business Customers, the new prices vary by month, averaging 6.24 cents kWh. Versant Power medium-class businesses in the Bangor Hydro District will see an average 12% decrease annually in the supply portion of their bill.

Prices for Versant Power large business customers-Bangor Hydro District will be indexed to market prices and set in advance of each month, as was done last year for large business standard offer service. Versant Power large business customers in the Maine Public District will see a decrease from 8.5 cents per kWh to 7.9 cents per kWh, a decrease of 6.1 percent in the supply portion of their bill.

The names of the suppliers selected for Versant Power will be released in two weeks, allowing time for power supply arrangements to be finalized. More information on 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

1/1/2021 - 12/31/2021

$0.07979

2019-00163

Supplier: New Brunswick Energy Marketing Corporation (100%)

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

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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

1/1/2020 - 12/31/2020

$0.08500