Why the number is what it is
What is actually driving this
January went up 20%. July came back down.
The Maine PUC sets the Standard Offer annually on January 1 through a competitive bid. On January 1, 2026 it rose from 10.613¢ to 12.721¢ — about 20%. A mid-year adjustment brought it to 11.959¢ on July 1, largely because 2023 and 2024 storm recovery costs finished being paid off. We would rather tell you that than pretend the direction is only one way.
Maine had the steepest increase in the country
Across the twelve months to August 2026, Maine electricity rates rose 22.6% — more than any other state. Idaho was second at 15.3%. That is the number that matters, not this July's adjustment.
End of the pipeline
Maine sits at the far end of New England's natural gas pipeline system. When winter demand tightens capacity, wholesale prices spike sharply. New England averages 25.91¢ residential against a national 18.44¢ — 38% higher — and six of the ten most expensive states are in the region.