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Report: Competition failing to produce lower electric rates

Por: Associated Press Business February 01, 2023

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AUGUSTA, Maine (AP) — Maine’s public advocate wants to scrap the competitive process for electricity vendors for residential consumers, saying the current competitive system has failed to produce lower rates.Residential customers statewide would be better served if they all used the same “standard offer” rate produced by a competitive bid process, Public Advocate William Harwood said Wednesday.As it stands, 90% of residential customers... + full article



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