CMP offers low-rate plan for off-peak power use
Sign in or Subscribe See Offers. The plan rewards people who can shift their use of energy-sucking appliances to periods when there's less demand on the regional power grid. Home and small-businesses customers served by Central Maine Power Co. How much they can save would depend on several factors, including how much electricity they use, and at what times of day. State regulators say Mainers should take a careful look at how they use electricity now, and be realistic about their ability to change their habits.
They also should recognize that time-of-use rates penalize customers who use power between 7 am and 8 pm on weekdays, that the rates change monthly, and that they are set to rise next winter. They can enroll between now and Jan. Large businesses are routinely charged at different rates during various times of the day. But the advent of smart electric meters, and appliances that can be programmed to operate at different times, are making central maine power hook up easier for customers to manage electricity use and costs.
Customers who choose the new time-of-use rates must determine whether they will beat the standard offer rate, which is how most Mainers receive their power, or the rates being offered by several competitive energy providers, such as Electricity Maine, Gulf Electricity and Dead River Co. They reflects the fact that the cost of power varies throughout the day, and is less during off-peak periods, when demand is lower and fewer generators are needed.
The rates in the new time-of-use plan change each month. By comparison, the standard offer rate remains constant for a year, and will be roughly 6. In March, the time of use rate for power consumed between 8 pm and 7 am will be 5. But for power used between 7 am and 8 pm, the central maine power hook up is higher than the standard offer, at nearly 8 cents. By Februarythe off-peak rate is set to rise to roughly 7 cents, and the on-peak rate will be more than 10 cents.
If the current interest on competitive energy providers is any indication, Mainers will change their habits to save money on their electric bills, Carroll said. The growing availability of smart appliances that can automatically vary their consumption, such as programmable air conditioners, will make it easier for customers to take advantage of time-of-use rates, he said. Here at MaineToday Media we value our readers and are committed to growing our community by encouraging you to add to the discussion.
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