Maine’s electric rates expected to rise through 2024 until solar subsidies ease
July 13, 2023
Mainers can expect more rate hikes for electricity through the end of next year until the solar subsidies that have driven up rates for consumers wind down.
The Legislature is reining in its costly net energy billing program, which was set up to encourage the transition to renewable power. The program, made up mostly of solar projects selling electricity at above-market costs, were the main driver behind the recent increases in electric bills. Projects now will have to be in commercial operation by the end of December 2024.
