Electricity bills decrease for Eversource and CMP customers in multiple states.

The Maine Public Utilities Commission has approved a reduction in the "standard offer" supply rates for residential, small, and medium-sized customers of Central Maine Power and Versant Power's Bangor Hydro District. The reduction of 1 cent per kilowatt-hour will result in a monthly savings of about $5.50 for an average residential customer. However, this reduction comes after recent price hikes for both utilities, with Central Maine Power customers seeing an increase of over $10 a month and Versant Power customers expecting a combined average rate hike of $17.59 a month. The rate cut goes into effect on July 15.