Maine Utility's Residential, Small C&I Default Service Rate Increasing 88%

The Maine Public Utilities Commission (Commission) has posted new Standard Offer electricity supply rates today for residential and business customers of Versant Power, Bangor Hydro District (BHE), as well as for large business customers in Versant’s Maine Public District (MPS).

At BHE, the residential and small commercial Standard Offer rate will be $0.116840 per kWh for January 1, 2022 through December 31, 2022, over 88% higher than the current rate of $0.061960 per kWh.

The PUC said that new BHE residential Standard Offer price amounts to an increase of about $30 per month on the total bill for an average customer using 550 kWh/month

For BHE, the medium non-residential class Standard Offer rates for 2022 are shown below. The PUC said that BHE medium-class businesses on the Standard offer will see an average 77.7% increase annually in the supply portion of their bill.

BHE Medium Non-residential ($/kWh)

Jan-22     $0.214508 
Feb-22     $0.203702 
Mar-22     $0.128624 
Apr-22     $0.088464 
May-22     $0.073946
Jun-22     $0.077130 
Jul-22     $0.085780 
Aug-22     $0.087270 
Sep-22     $0.076920 
Oct-22     $0.078734 
Nov-22     $0.096334 
Dec-22     $0.125098

Prices for the BHE large non-residential class will be indexed to market prices and set in advance of each month

The PUC set the MPS large non-residential class Standard Offer rates as follows:

MPS Large Non-residential ($/kWh)

Jan-22     $0.255880
Feb-22     $0.242190 
Mar-22     $0.151270 
Apr-22     $0.105710
May-22     $0.088310 
Jun-22     $0.091440 
Jul-22     $0.100810 
Aug-22     $0.103450 
Sep-22     $0.091150 
Oct-22     $0.093620 
Nov-22     $0.114080 
Dec-22     $0.147960