Central Maine Power, MPS Residential, Commercial Default Service Rates Falling 20%

The Maine PUC approved new Standard Offer electric rates for Central Maine Power and Emera Maine-Maine Public District (MPD, formerly MPS) for various customer classes for the period January 1, 2020 to December 31, 2020

At CMP, the residential and small commercial Standard Offer rate for the period January 1, 2020 to December 31, 2020 will be $0.073037 per kWh, about 20% lower than the current $0.090029 per kWh

CMP Standard Offer rates for the medium non-residential class will vary by month, as follows:

CMP Standard Offer Rate
Medium Non-Residential Class
  $ per kWh

Jan-20     $0.107628
Feb-20     $0.107408
Mar-20     $0.079498
Apr-20     $0.069916
May-20     $0.059706
Jun-20     $0.052416
Jul-20     $0.057564
Aug-20     $0.054556
Sep-20     $0.053558
Oct-20     $0.053482
Nov-20     $0.066774
Dec-20     $0.084792

The average CMP medium non-residential Standard Offer rate for 2020 is about 22% lower than the current average

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

At MPS, the residential and small commercial Standard Offer rate for the period January 1, 2020 to December 31, 2020 will be $0.067294 per kWh, about 20% lower than the current $0.08461 per kWh

MPS Standard Offer rates for the medium non-residential class will vary by month, as follows:

MPS Standard Offer Rate
Medium Non-Residential Class
  $ per kWh

Jan-2020     $0.097000
Feb-2020     $0.096589
Mar-2020     $0.071609
Apr-2020     $0.062903
May-2020     $0.053774
Jun-2020     $0.047347
July-2020    $0.052043
Aug-2020     $0.049341
Sept-2020    $0.048372
Oct-2020     $0.048254
Nov-2020     $0.060186
Dec-2020     $0.076480

The average MPS medium non-residential Standard Offer rate for 2020 is about 23% lower than the current average