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New Default Service Rates Set For Central Maine Power & Both Versant Rate Districts
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The Maine PUC has approved new electricity default service rates at the state's three investor-owned electric utilities
At Central Maine Power, the residential and small C&I Standard Offer (SO) rate will be $0.106128 per kWh for the period 1/1/2025 to 12/31/2025, marginally lower than the current rate of $0.106363 per kWh
CMP medium C&I SO rates for 2025 will be as follows
The PUC said that the CMP medium C&I weighted average SO rate for 2025 is 10.47 cents per kWh, versus 9.86 cents per kWh for 2024
Large C&I CMP rates will continue to be set monthly based on market prices using an index
For Versant Power's Bangor Hydro District (formerly Bangor Hydro-Electric), the PUC has announced the new SO rates, but full details about the rates (decimal values beyond two decimals) were not yet posted
For Versant BHD residential and small C&I customers, the SO rate for 2025 is about 10.56 cents per kWh, marginally up from the current rate of 10.26 cents per kWh
Monthly Versant BHD medium C&I SO prices established by a procurement approved by the PUC were not yet posted. The PUC said that the Versant BHD medium C&I weighted average SO rate for 2025 is 10.39 cents per kWh, up from the 2024 weighted average of 9.83 cents per kWh
Large C&I Versant BHD rates will continue to be set monthly based on market prices using an index
For Versant's Maine Public Service District (MPD), the residential and small C&I SO rate will be $0.11653 per kWh for the period 1/1/2025 to 12/31/2025, marginally higher than the current rate of $0.112850 per kWh
For Medium C&Is at Versant's Maine Public Service District (MPD), the monthly SO rates are as follows:
For Large C&Is at Versant's Maine Public Service District (MPD), the monthly SO rates are as follows:
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November 20, 2024
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CMP Medium C&I SO, $ per kWh
Jan-25 $0.159396
Feb-25 $0.147316
Mar-25 $0.097318
Apr-25 $0.080656
May-25 $0.076776
Jun-25 $0.085654
Jul-25 $0.106190
Aug-25 $0.095294
Sep-25 $0.083250
Oct-25 $0.081486
Nov-25 $0.098236
Dec-25 $0.138966
Versant MPD Medium C&I, $ per kWh
Jan-25 $0.20791
Feb-25 $0.18969
Mar-25 $0.14155
Apr-25 $0.12613
May-25 $0.12159
Jun-25 $0.13062
Jul-25 $0.14815
Aug-25 $0.13702
Sep-25 $0.12811
Oct-25 $0.12311
Nov-25 $0.14198
Dec-25 $0.17006
Versant MPD Large C&I, $ per kWh
Jan-25 $0.23791
Feb-25 $0.21969
Mar-25 $0.17155
Apr-25 $0.15613
May-25 $0.15159
Jun-25 $0.16062
Jul-25 $0.17815
Aug-25 $0.16702
Sep-25 $0.15811
Oct-25 $0.15311
Nov-25 $0.17198
Dec-25 $0.20006
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