Maine Electric Delivery Rates Hiked by up to 7% – Time to Go PV?
Solar Power | July 3, 2012 |Posted by Fred Greenhalgh
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The consequences of CMP’s $1.4 billion push to upgrade Maine’s electrical transmission lines (the necessity of which was debatable) will now be reflected in a hike in the rate for delivered electricity for nearly all customers in Maine, starting July 1st.
According to MPBN, customers from Bangor Hydro can expect delivery rate increases up to 4.5% and CMP customers can expect a delivery rate increase up to 7.1%.
This audio story explains:
“The major driver for these increases is the change in federally regulated transmission rates, which for CMP will increase by 19.6 percent and for BHE will increase by 12 percent,” says Commission Chairman Thomas Welch, in a statement. “CMP and BHE transmission rates cover the costs of transmission systems in Maine, as well as a portion of the costs of inter-state systems throughout the New England region. The July 1 rate increases reflect the costs of recent and ongoing transmission reliability upgrades.”
The delivered cost of electricity is separate from the supply side of electricity. Delivery costs are associated with projects to maintain the grid, whereas supply is the actual raw energy that you use.
The good news for those with or considering solar electricity systems – whenever the price of grid power goes up, the value of a solar electricity investment increases accordingly. For example, a 4.8kw solar electric system which produces around 6,096 kWh annually is now worth an extra ~$35/yr.
Curious about how to make a guaranteed ROI solar investment work for your house? Contact us to talk more.