On January 13th and 14th, the Maine Public Utilities Commission released new electricity prices- effective this year- for residents and small to medium businesses who use standard offer supply services through CMP and Emera Maine.
CMP residents and small businesses who recieve the standard offer can expect to see a 13.4% decrease in the cost of electricity per kWh from last year, from the current price of 7.56 cents/per kWh, to 6.54 cents/ kWh in 2015. CMP medium business customers will see about a 17.3% decrease in medium class prices compared to last term; the new prices differ by month, and will amount to about 6.44 cents/kWh on average over the 2015 term.
Emera Maine residential and small business customers in the Bangor Hydro area will see a similar decrease in price of about 14% this year, the price shifting from the current 7.58 cents/kWh to 6.50 cents/ kWh in 2015. The prices for Medium businesses for the new term is set to average about 6.66 cents/ kWh, reflecting about a 17% drop in prices from the same 10 month period from last year.
These new prices apply only to standard offer supply services, and are effective starting March 1, 2015. For more information, find the full MPUC press releases here: