2023 could start with your CMP bill up almost $32!

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Electricity is not a straightforward thing. There's the source of electricity and then there's the delivery of electricity. Even though most customers of Central Maine Power (CMP) will see a big jump for part of their electric bill starting on January 1, 2023 - CMP didn't raise the rates.

It's that 'standard offer' that you see on your bill that according to WGME 13, the Maine Public Utilities Commission approved a new rate. And it went way up. So the supply rate went from 11.8 cents per kilowatt hour to 17.6 cents. That's up 49% for most homes and small businesses. That rate is not set by CMP. You can shop for electricity providers - just make sure they are licensed, energy providers.

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Yana Lysenko / Unsplash
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So the average CMP customer using 550 kWh per month will see their bill go up by $31.98...essentially, $32. That's a big jump. Why now? When we are already dealing with increased prices for EVERYTHING! This is the second year in a row the 'standard offer' has gone up. The Maine PUC blames it on the volatility of the fossil fuel market. This increase is actually lower than they were anticipating!

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To combat oil prices, I actually have a switch on my boiler to go from oil to electricity for my water heater. I did that to try and save money. Insert *sigh* here. Mainers are getting it from every direction and we were doing okay with those weird 70-degree days...but lately, we are getting a taste of what's to come. Hang in there and grab the hats and sweaters!

 

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