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Mainers' power bills will go up again in 2026 after the Maine Public Utilities Commission approves new annual contracts to supply electricity to the state's investor-owned transmission and distribution utilities.
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.
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The NYMEX prompt month fell $0.45/MMBtu week-over-week to $3.17/MMBtu. The rolling 12-month strip also decreased by $0.34/MMBtu week-over-week to $3.30/MMBtu. Storage levels saw a net withdrawal of 119 Bcf for the week ending January 2nd.
Oil markets experienced moderate gains this past week, with Brent closing at $60.75 per barrel last week, up 0.2% week-over-week. WTI had a slightly larger increase of 1% week-over-week, climbing to $57.32 per barrel. With a tumultuous weekend for geopolitics, the impact of the removal of Venezuela’s Maduro is yet to be seen as the current week kicks off.
The NEPOOL 12-month electricity strip fell by 1.31% week-over-week to $72.12/MWh. The 2026 and 2027 calendar strips both experienced week-over-week decreases while the 2028 strip was up just slightly by 0.09%.
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