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Electricity Rates for Mainers Are Going Up Because More Natural Gas is Being Sold Oversees
Most Maine homes and small businesses can expect the cost of their electricity supply to go up in January.
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.
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The NEPOOL 12-month electricity strip rose by 2.28% week-over-week to $73.29/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
The NYMEX prompt month increased $0.25/MMBtu week-over-week to $4.57/MMBtu. The rolling 12-month strip increased $0.10/MMBtu week-over-week to $4.18/MMBtu. Net storage injections totaled 45 Bcf for the week ending November 7.
Brent closed at $63.63 per barrel last week, down 2.1% week-over-week. WTI declined by 2.0% week-over-week to $59.75 per barrel. Oil prices are trending downward with concerns of a supply glut looming in the market.
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