Mainers likely to endure high electric rates into 2023

PORTLAND PRESS HERALD • April 27, 2022

This year’s shockingly high electric rates in Maine aren’t just a one-time blip. The conditions that sent electricity supply rates up more than 80 percent starting in January for most Maine households and small businesses are likely to persist into 2023, according to the latest projections, exacerbated by uncertainty over lingering impacts from Russia’s invasion of Ukraine. Today’s electricity supply rates are higher than they’ve been for at least 10 years, state figures show.