Emera Maine Announces Price Increase

Looks like our electricity bills are going up.

According to an Emera Maine press release, it's time for the annual adjustment for transmission rates, and those rates will go into effect this July 1st.

Emera Maine says that "a typical residential customer, using 500 kilowatt hours, will be an increase of about $1.26 per month in the Bangor Hydro District and $1.07 per month in the Maine Public District."

The extra funds will be invested into the company's "transmission infrastructure", and the press release goes on to mention the age of the system in Aroostook County. "Much of the transmission system in Aroostook County was built around the same time,” remarked Alan Richardson, Emera Maine President and COO. “After serving customers reliably for over 50 years, investments are needed to meet the electricity delivery needs of these communities.”

Emera Maine's transmission rates are regulated by the Federal Energy Regulatory Commission.