Maine Residential, Commercial Default Service Rates Falling About 20%

The Maine PUC has approved new Standard Offer electric rates for the Emera Maine Bangor Hydro District (formerly BHE), for the 12-month period beginning January 1, 2020

For residential and small commercial customers at BHE, the Standard Offer rate for the period January 1, 2020 to December 31, 2020 will be $0.068785 per kWh, about 18% lower than the current rate of $0.083695 per kWh

For the BHE medium customer class, the monthly Standard Offer rates will be as follows

BHE - Medium Non-Residential
Standard Offer Rates
  $/kWh

Jan-20      $0.108570
Feb-20      $0.106860
Mar-20      $0.079922
Apr-20      $0.069768
May-20      $0.059976
Jun-20      $0.053616
Jul-20      $0.059208
Aug-20      $0.056232
Sep-20      $0.054744
Oct-20      $0.054322
Nov-20      $0.067394
Dec-20      $0.085960

On an average basis, the Medium Non-Residential rate is generally about 20% below the current rates

Prices for the large business customer class will be indexed to market prices and set in advance of each month, as was done last year for large business standard offer service