News

Maine Has Nation’s Fastest Rising Electricity Costs, By Far

Photo: 560 WGAN Newsradio


Maine has far and away the fastest rising electricity bills in the country.

New numbers compiled by Axios from the U.S. Energy Information Administration show an increase of 36.3 percent between May of 2024 and 2025.

The hike is about double the rate in New Hampshire (+18.4 percent), which has the second fastest increasing electricity rates.

The rise in Maine is also almost six times higher than the average increase across the nation of 6.5 percent.

Axios links the increase to the spread of energy guzzling data centers, although devastating storms have led to utility hikes in Maine.

Central Maine Power electricity bills have risen several times in recent months and years, with the utility blaming the hikes on storms that were “historic in scale,” including those that caused widespread flooding and power outages in 2023 and 2024.

CMP rates went up an average of $5 a month for residential customers last month. The average CMP customer bill rose from almost $139 in July of 2024 to more than $154.50 last month.

Central Maine is now asking state regulators for permission to increase its revenue by between $405 million and $455 million from 2026 to 2031. The company is linking the proposed increase to efforts to improvements in transmission lines and boost its workforce to protect against damage from future disasters.

Latest Headlines

2 hours ago in Entertainment, Music

Fetty Wap has a lot to say on ‘Zavier.’ It’s his first album since being released from prison

Fresh

Fetty Wap is beaming so big, it is almost as if his smile enters the room before he does. And these days, the Paterson, New Jersey-born melodic rapper and singer has a lot to be happy about.

1 day ago in Entertainment

‘Stand by Me’ stars reflect on the movie, Rob Reiner and its return to theaters 40 years later

Jerry O'Connell, Corey Feldman and Wil Wheaton were already thinking about "Stand by Me" when Rob Reiner died in December. Just a week prior, the trio spent a weekend together attending some screenings of Reiner's beloved coming-of-age film, which was about to turn 40.

1 day ago in Sports, Trending

March Madness: Here’s one thing you need to know about each of the 16 teams remaining in men’s field

Florida isn't around to defend its title anymore, but all the other top seeds in this year's NCAA Tournament are still around. And many of them are winning convincingly.

1 day ago in Entertainment

Stephen Colbert and son will co-write a ‘Lord of the Rings’ movie

Stephen Colbert, famous devotee to J.R.R. Tolkien's Middle Earth, is co-writing a "Lord of the Rings" movie with his son. Warner Bros. announced early Wednesday that Colbert will script "The Lord of the Rings: Shadow of the Past" along with series veteran Philippa Boyens and Peter McGee, Colbert's son.

2 days ago in Entertainment, Trending

Now a true pop star, Miley Cyrus returns to her ‘Hannah Montana’ roots to fete anniversary special

Sporting that "Hannah Montana" blond hair and bangs, Miley Cyrus went back to her roots — celebrating 20 years of the TV show that launched the career of a real-life pop star.