Most CMP customers to see rise of nearly 50% in electricity supply rates

PORTLAND PRESS HERALD • November 16, 2022

For a second year in a row, most customers of Central Maine Power will see their electricity supply rates rise in 2023, reflecting a trend driven largely by the high cost of natural gas that fuels many power plants in New England. Beginning on Jan. 1, new “standard offer” supply rates for home and small business customers in CMP’s service area will rise from 11.8 cents per kilowatt hour to 17.6 cents, a 49% hike.