Maine PUC Adopts New Standard Offer Rates Through February 2013

The Maine PUC has adopted new Standard Offer rates for medium and large commercial and industrial customers at Central Maine Power and Bangor Hydro-Electric.

Specifically, new rates were set for medium commercial customers for the period September 2012 through February 2013.

For large customers, for the same six-month period, the PUC said that the accepted bids are indexed to the market, and prices will be set by the PUC in advance of each month based on current market prices. An order describing the process was not immediately available; it was unclear how similar the process will be to the currently used monthly market rate mechanism for large commercial customers

Medium customer price is as follows ($/kWh):

CMP Medium Class:
Sep-12     $0.05398
Oct-12     $0.05476
Nov-12     $0.05746
Dec-12     $0.06718
Jan-13     $0.07665
Feb-13     $0.07769

BHE Medium Class:
Sep-12     $0.05345
Oct-12     $0.05365
Nov-12     $0.05514
Dec-12     $0.06568
Jan-13     $0.07528
Feb-13     $0.07601