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PUC Opens New Inquiry Into Default Service Procurement To Promote Rate Stability
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The Maine PUC initiated an inquiry to obtain information
regarding the potential development of a procurement strategy that could be used to
promote rate stability for residential customers that receive electricity standard offer service
pursuant to the Maine Revised Statutes, Title 35-A, section 3212
On June 12, 2023, Governor Mills signed Resolves 2023, ch. 39 (Chapter 39),
which directs the Commission to, “initiate a proceeding to develop a procurement
strategy and consider other measures that could be used to increase rate stability for
residential customers that receive standard-offer service,” pursuant to 35-A M.R.S. §
3212. In doing so, the Commission is to consider, “the use of varied contract lengths
and terms to reduce price volatility from year to year."
The Commission requested comment on the following:
1. How would contracts with standard offer providers for longer or shorter
periods of time than the current calendar year better promote rate stability for
residential ratepayers?
2. If the Commission adopted a procurement strategy that improved rate stability
for residential customers taking standard offer service, but which resulted in
prices that exceeded current market conditions, or did not decline at a pace
similar to the rates in other neighboring states, what mechanism would exist
to address customer concerns that they were not able to take advantage of
those lower prices?
3. What are potential disadvantages of contracts with standard offer providers
for longer or shorter periods of time than the current calendar year?
4. What other terms could be changed or introduced into contracts with standard
offer providers to better promote rate stability for residential customers?
5. What other procurement strategies should the Commission consider to better
promote rate stability for residential ratepayers without significantly increasing
standard offer rates?
6. Why is rate stability the desired procurement strategy objective, versus other
potential objectives such as achieving the lowest cost or reflecting current
market conditions?
Docket No. 2023-00258
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October 6, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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