Bangor area electricity prices to drop for small businesses
The standard electricity price for small businesses and institutions in Emera Maine’s Bangor Hydro Electric district will drop an average of 17% next year.
The Bangor Daily News reported that Maine Public Utilities Commission on Wednesday approved an average rate of about 6.7 cents per kilowatt-hour for its medium class of customers in the Bangor area.
Earlier this week the PUC accepted bids that will drop prices for Central Maine Power Co.’s medium-sized business customers by about 11% on average.
“We are encouraged that prices remain stable or slightly decreasing for retail and small business customers,” PUC Chairman Mark Vannoy said in a news release. “We are especially pleased to see medium business prices reduced significantly; a benefit from recent downward trends in energy markets that have been reflected in New England wholesale prices.”
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