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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 $67.77 per barrel last week, down 12% week-over-week. WTI fell 12.6% week-over-week to $65.52 per barrel. Analysts continue to monitor geopolitical volatility in the Middle East for possible implications on crude oil prices.
The NEPOOL 12-month electricity strip increased 4.58% week-over-week to $67.44/MWh. The 2026, 2027 and 2028 calendar strips all increased in price.
The NYMEX prompt month decreased $0.20/MMBtu week-over-week to $3.58/MMBtu. The rolling 12-month strip decreased $0.15/MMBtu week-over-week to $4.10/MMBtu, a 3.5% decline. Net storage injections totaled 109 Bcf for the week ending June 6, the seventh consecutive week with greater than 100 Bcf injections.
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