PORTLAND PRESS HERALD • June 30, 2023
The Maine Public Utilities Commission on Friday approved a reduction in the “standard offer” supply rates paid by residential, small- and medium-size customers of Central Maine Power and Versant Power’s Bangor Hydro District. The reduction of 1 cent per kilowatt-hour will result in a monthly savings of about $5.50 for an average residential customer of either utility, using 550 kWh of electricity per month. The rate cut goes into effect July 15. The rate cut partially offsets increases that are due to go into effect on Saturday.