Mainers Getting Pounded With High Costs Can Add Electricity to the List
2023 could start with your CMP bill up almost $32!
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.
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!
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!