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flag Maine electricity supply costs to rise 15% in 2026 due to higher natural gas prices.

flag Maine households and small businesses are projected to face a 15% rise in electricity supply costs starting January 2026, adding about $8 monthly to bills, due to rising wholesale natural gas prices fueled by increased U.S. liquefied natural gas exports and global demand. flag Since half of New England’s power comes from gas-fired plants, gas price swings directly affect electricity rates. flag The Maine Public Utilities Commission will review 2026 supply bids soon, with market trends indicating higher prices are likely. flag This increase is separate from a contentious proposal by Central Maine Power to raise distribution rates for grid upgrades, which has sparked public opposition. flag Electricity supply costs have become the most volatile component of Maine’s electric bills over the past 25 years, primarily driven by natural gas market dynamics rather than data center growth or infrastructure projects.

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