Central Maine Power Customers Soon to Pay Less For Electricity
For customers of Central Maine Power (CMP), one of the key electric and gas utilities in central and southern Maine, Christmas came a little early this year.
The Main Public Utility Commission has approved the reduction of CMP Standard Offer electricity rates (commonly known as the Price to Compare) by 12%.
From January, residential and small business customers will pay a new rate of $0.064494 per kWh, as opposed to the current $0.073037 per kWh. The savings should result in approximately a 5% reduction on a total residential bill, or $10 / month, based on the average monthly energy usage of 1000 kWh.
Medium-sized commercial and industrial customers’ rates will also be reduced, from the current $0.084792 per kWh to $0.075087 per kWh. It will be the second consecutive year that standard offer rates have gone down.