News

Plenty of power this summer, but higher rates down the road?

Plenty of power this summer, but higher rates down the road?

Photo: clipart.com


PORTLAND, Maine (AP) – Energy demand is down because of the pandemic, but utility bills unpaid by tens of thousands of people left jobless by the pandemic could drive electricity prices upward in some places in coming months.

Electricity demand is down by 3% to 5% because of the pandemic in New England. The power grid operator says there should be sufficient electricity for peak demand this summer. The irony is that reduced demand for electricity could be coupled with higher rates down the road. Across the country, utilities have been forbidden from cutting off customers for nonpayment.

Utilities say that could affect balance sheets in coming months.

Latest Headlines

26 minutes ago in Local

Gov. Mills vetoes moratorium on new data centers in Maine

Fresh

Gov. Janet Mills has vetoed a first-in-the-nation moratorium on new data centers in Maine.

28 minutes ago in Local

Judge gives Maine 30 days to review signatures for transgender student referendum

Fresh

A judge on Friday gave the Maine Secretary of State's Office 30 days to review signatures gathered for a referendum concerning transgender students.

20 hours ago in Local

Two Arrested in Months-Long Maine Drug Enforcement Investigation

Both were taken to the Somerset County Jail.

21 hours ago in Local

All Residents Displaced from Biddeford Apartment Fire

The Red Cross is working with the building owner and tenants to find temporary housing.

24 hours ago in Local

Missing teens found after traffic stop in Portland

Portland Police say they located two missing teenagers from the Augusta area during traffic stop overnight Thursday morning.