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Business and Economy

Electricity Prices Will Drop For CMP Customers Next Year

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Maine Public File
That energy cost is only one portion of the bill. CMP's distribution, transmission, billing and other services make up the rest.

Electricity prices for Central Maine Power's (CMP) customers will drop next year, under a decision Wednesday by the state's Public Utilities Commission (PUC).

The Commission approved the lowest-cost bid for the "standard offer" electricity that most CMP customers purchase — for almost 20 percent less than this year's rate.

That energy cost is only one portion of the bill. CMP's distribution, transmission, billing and other services make up the rest. Those portions are expected to remain roughly the same, and the overall bill savings for a typical residential customer will be about 10 percent, assuming energy use remains constant.

The PUC says the cost of a typical monthly residential bill for CMP customers will drop from $95 to $86.