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Future of Maine's Renewable Energy Projects Uncertain, Says E2Tech Panel
Changes in federal policies are disrupting renewable energy projects in Maine that were either midstream or on the drawing board.
Maine Energy Prices, Already Costly, Expected to Rise as Trump Tariffs Take Effect
Tariffs that took effect Tuesday targeted all products from Canada and Mexico, hitting particularly hard in Maine, where residents depend more heavily on heating oil than in any other state.
On Thursday, January 16, 2025 Matthew Gamache, Competitive Energy Services’ Chief Operating Officer, was elected for a three-year term to the Board of Directors of the Environmental & Energy Technology Council of Maine (E2Tech), along with four other Portland area professionals.
Look in-depth about our work with the university in our case study.
Brent closed at $66.47 per barrel last week, up 3.6% week-over-week. WTI rose 6.2% week-over-week to $64.58 per barrel. U.S. and Chinese officials are set to meet in London today to discuss a potential trade deal between the two nations.
The NEPOOL 12-month electricity strip decreased 2.67% week-over-week to $64.11/MWh. The 2026 calendar strip declined, while the 2027 and 2028 calendar year strips experienced minimal movement.
The NYMEX prompt month experienced no movement week-over-week, staying at $3.33/MMBtu. The rolling 12-month strip increased $0.01/MMBtu week-over-week to $4.11/MMBtu, a 0.4% climb. Shoulder season weather and high production continue to exert downward pressure on prices, but the approach of warmer months could reverse this trend.
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