Maine Versant-MPD Residential SOS Rate Increases by 84%
Power rates for residential/small customer and medium commercial customer classes of Versant Power-Maine Public District (MPD, formerly Maine Public Service) will increase in 2022. This comes as the Maine PUC approves the new Standard Offer electricity rates filed by the utility company.
The Versant-MPD residential and small customer Standard Offer rate of $0.060267 per kWh goes up by 84%, to $0.110873 per kWh from January 1, 2022, to December 31, 2022.
According to the PUC, the new Standard Offer price equals a $25 utility bill increase per month for customers that use an average of 500 kWh a month.
Medium class Standard Offer customers of Versant-MPD will experience an increase of 86% on average in the supply portion of their bill. The rates in this class vary by month.
As noted by the PUC, the Commission had previously signed a three-year contract with New Brunswick Energy Marketing Corporation as the Standard Offer provider for MPD residential, small non-residential, and medium non-residential classes starting January 1, 2020.
All through 2022, the rates for the residential and small non-residential classes, as well as the medium non-residential class, are indexed to Standard Offer prices in the comparable Standard Offer classes for Central Maine Power Company and Versant Power’s Bangor Hydro District.
The PUC previously announced the prices for the large customer class at Versant-MPD.
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