The Maine PUC will shift the timing of its default service procurements to avoid risk premiums, according to several reports.

As noted by EnergyChoiceMatters.com, the PUC accepted 10-month contracts, (rather than the typical 12-month contracts) for the 2015 Standard Offer period.

"Mark Vannoy, chairman of the Public Utilities Commission, said last Tuesday that the state bid power supply prices for a 10-month period, rather than a full year, to begin a shift from the spring to the fall for future bids covering the winter months. The thinking is that moving the bidding window closer to the peak will reduce guesswork as to what prices will be during the winter, when prices are at their highest," the Bangor Daily News reports.

"Many New England states accepted bids in the fall for standard offer service, to provide stability for price spikes during the winter months. The Maine PUC expects to follow suit starting in the fall of 2015. This month marks the last time the commission will offer bidding in January – and CMP customers are the beneficiary," SeacoastOnline.com reports

Tags:
Maine   Default Service   Price to Compare  

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