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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 increased 2.46% week-over-week to $67.36/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
The NYMEX prompt month rose by $0.69 week-over-week to $3.63/MMBtu, a 23.6% increase. The rolling 12-month strip increased $0.54 week-over-week to $4.26/MMBtu, a 14.4% rise. Warmer weather increased demand from the electricity generation sector to meet cooling demand.
Brent closed at $66.87 per barrel last week, down 1.6% week-over-week. WTI fell 2.6% week-over-week to $63.02 per barrel. Investors have received conflicting signals on the potential de-escalation of the U.S.-China trade war.
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