Why has Maine implemented electricity choices?
In the past, electric consumers in Maine, and the rest of New England, have paid some of the highest electric rates in the country. In response, the Maine Legislature passed a law in 1997 that opened up Maine’s electricity supply to competition. Electric competition is taking place in states across the country, and is expected to help move Maine’s overall electric rates closer to the national average over time. A major benefit of electric restructuring is that suppliers, not consumers, bear the financial risk of investing in new generation plants. Rates also may be lowered as the industry develops more efficient ways of producing energy. Electricity choice gives you the option to choose more environmentally friendly energy sources.
