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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.
The NEPOOL 12-month electricity strip decreased by 3.36% week-over-week to $63.20/MWh. The 2026, 2027, and 2028 calendar strips all experienced relatively small movement week-over-week.
The NYMEX prompt month decreased $0.07/MMBtu week-over-week to $2.92/MMBtu. The rolling 12-month strip also decreased $0.08/MMBtu week-over-week to $3.61/MMBtu. Net storage injections totaled 56 Bcf for the week ending August 8.
Brent closed at $66.59 per barrel last week, down 9.1% week-over-week. WTI fell 5.1% week-over-week to $63.88 per barrel. President Trump has been increasing pressure on Russia to end the war with Ukraine and recently announced secondary sanctions on India as a main importer of Russian oil.
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