Article Image
IPFS News Link • Maine

Maine residents brace for power rate hikes over 60%


The Maine Public Utilities Commission recently provided possibilities about upcoming power rates to the Maine Legislature, agency spokesperson Susan Faloon said. The final number isn't yet available, Faloon said.

However, a majority of Maine residents could see their rate go up between 60% and 80%, the Portland Press Herald reported. Under expected increases, the cost of power would climb about $20 to nearly $53 per month for a typical household, the Press Herald reported.

Rich Silkman, chief executive of Competitive Energy Services in Portland, said a price bump is "not only possible, it's almost certain."

The price of energy has risen around the world during the coronavirus pandemic. Natural gas prices have been especially high.