Maine Small, Medium Customer Standard Offer Rates to Fall, As PUC Apparently Selects 10-Month Product

Standard Offer electric rates for customers at Central Maine Power will decrease starting in March, and the PUC appears to have selected 10-month supply contracts (through December 31, 2015), rather than 12-month contracts.

The PUC's order approving the Standard Offer contracts remains confidential, but new pricing has been posted for the CMP small and medium classes, and prices were only set through December 31, 2015. Presumably, the PUC elected to award 10-month supply contracts as outlined in the RFP rather than the standard 12-month contracts for which pricing was also sought. The shorter contracts, which eliminate the pricier months of January and February, were presumably selected due to lower risk premiums. It remains to be seen how the PUC will address January and February 2016 supply

For the CMP Small Customer Class, the Standard Offer rate will be 6.5441¢/kWh from March 31, 2015 to December 31, 2015. The current Standard Offer rate is 7.5603¢/kWh

The new CMP Medium Customer Class Standard Offer rates are as follows (¢/kWh):

Mar-15        7.640¢
Apr-15        5.805¢
May-15        5.205¢
Jun-15        6.460¢
Jul-15        6.170¢
Aug-15        6.145¢
Sep-15        5.535¢
Oct-15        5.515¢
Nov-15        6.540¢
Dec-15        9.495¢