The Triennial Plan outlines many benefits for Mainers including lower energy bills, suppression of electricity rates, and advancing carbon reduction targets.
Key Metrics Forecasted to Be Delivered By the Plan
- lowering overall energy bills for Maine homes and businesses;
- implementing, for the first time, Beneficial Electrification Policy Act (BEPA) to help suppress Maine’s electricity rates over the long term;
- expanding initiatives to help manage costs of electricity by managing time of use for electronic equipment and avoiding periods of peak demand.
- significantly advancing carbon reduction targets (set in Maine law) to mitigate, and improve resilience to, the harmful impacts of climate change;
- putting Maine on a path to energy independence and insulating Maine consumers from volatility of global energy prices; and
- promoting investment in upgrades to Maine’s building sector and transportation equipment.
More Information
For the full Triennial Plan, please click here.
For a summary of the Primary Benefits of the Triennial Plan, please click here.