CMP Announces Monthly Bill Hike Central Maine Power (CMP) has recently announced that starting July 1st, residential customers will experience a $15.56 hike in their monthly bills. This substantial increase aims to accommodate several factors including stranded costs and the ongoing expansion of net energy billing, a system allowing utility companies to purchase solar-generated electricity … Read more
Eversource’s Proposed Rate Increase Eversource customers are gearing up for notable changes in their electric rates this year. The utility company, which serves over two-thirds of New Hampshire, has filed a request to raise its distribution charge. This comes at a critical time when energy costs are already a point of contention for many residents. … Read more
Understanding Negative Electricity Prices With the surge in renewable energy sources such as wind and solar, Europe’s power grid sometimes generates more electricity than needed. During these periods, to avoid a grid overload, power companies must offload electricity even if it means paying others to take it. This situation might suggest immediate financial relief for … Read more
Regulating Electric Rates for Wisconsin Utilities Wisconsin’s Public Service Commission (PSC) has taken decisive action to regulate electric rates, responding to requests from major utilities like Madison Gas & Electric, Xcel Energy, and Alliant Energy. These utilities presented proposals for rate increases citing the need for funds to support renewable energy initiatives and grid modernization … Read more
Shift in Utilities Regulation Responsibilities Two legislative committees from the House and Senate have unanimously supported new proposals designed to change the scope of Georgia’s utility regulators. The Senate’s Regulated Industries Committee recently approved Senate Bill 457, proposing the creation of a consumer utility counsel to advocate for the public in electric rate cases. Concurrently, … Read more
The Cause of the Rate Hike The recent approval of a considerable rate hike by state regulators is primarily attributed to a doubling of costs related to government mandates. These mandates, intended to drive sustainable energy initiatives, have come at a steep price for utility companies. Eversource and United Illuminating, the leading energy providers in … Read more
Central Virginia Electric Cooperative’s Rate Increase Announcement Jun. 19, 2024Business, Lake Monticello0 comments Share: FacebookTwitter Understanding the recent rate increase announced by the Central Virginia Electric Cooperative (CVEC) is essential for members across various counties in central Virginia. Effective as of June 12, 2024, the new rates are set to affect customers’ monthly bills significantly. … Read more
The recent decision by California utility regulators introduces a groundbreaking monthly flat fee for power while offering a reduction in overall electricity rates, signaling significant implications for households across the state. New Fee Structure for Power Bills California’s electricity billing is undergoing a transformative change. State utility regulators are introducing a new monthly flat fee … Read more
Understanding the Rate Hike The recent $3 monthly increase in electricity rates, approved by the Florence City Council, is a direct response to the new Tennessee Valley Authority (TVA) residential retail rates. This initiative aims to align Florence’s pricing with the TVA’s updated standards, ensuring sustainable and efficient electricity distribution across the community. Residents can … Read more
Escalating Energy Costs in Hillsborough County Florida’s residents have been grappling with escalating costs across various sectors, and now, electricity bills are no exception. In recent years, Hillsborough County has seen a staggering rise in energy costs, with a TECO bill surging by over 50% from 2018 to 2023. This spike has left many households … Read more