Maine has the second fastest rising electricity costs of any state in the nation, only trailing behind California, according to an analysis published by Bloomberg News.
The Bloomberg report highlighted inflation across all parts of a consumer spending, showing that Maine’s electricity costs have risen 42 percent from August 2019 to August 2023.
California, the state with the steepest increase, saw costs increase 51 percent during the same timeframe.
The analysis was based on data collected by the U.S. Energy Information Administration.
The skyrocketing cost of energy in Maine has coincided with a push by the Mills Administration to subsidize and artificially boost solar power and wind power.
At the same time, the Mills Administration has proposed policies that will increase electricity consumption in Maine, such as rules to mandate Electric Vehicle use and encourage the installation of electric heat pumps.