Electric Bills in New England: Mixed News for Consumers as Costs Shift

Starting this July, many Mainers will see a decrease in one portion of their electric bills while another portion goes up. Central Maine Power (CMP) has announced a reduction in the standard offer electricity supply rate, resulting in lower costs for customers. However, at the same time, CMP is implementing a rate increase for the delivery portion of the bill, which covers the cost of maintaining and operating the power grid. The changes are expected to impact customers' overall electric bills.