Dive Summary:
- According to federal Energy Information Administration numbers, a drop in retail electric prices in Maine outpaced the national average over the last year.
- Maine rates were 30% above the national average in 2010, but have only been 18% percent above that same average in 2012.
- Low natural gas prices have played a major role in Maine's downward price shift, but the state still has prices lower than all of its neighbors in the Northeast, except for Pennsylvania.
From the article:
Electricity rates can serve as one measure of national economic competitiveness. By that measure, Maine has improved its standing recently.
It remains to be seen if rising transmission costs in New England slow that progress. ...
