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The simple rate charges a specific dollar per kilowatt hour ($/kWh) consumed. The tiered rate is one of the more common residential rate programs. The tiered rate charges a higher rate as customer usage increases. TOU and demand rates are structured to help maintain and control a utility's peak demand. [6]
During 2021, renewable sources generated 74% of all electrical energy from Maine, making it one of the top-five U.S. states. Maine's share of wind generation is the largest among New England states, and its share of biomass generation from the wood industry and municipal waste sources is the largest in the United States.
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A detailed economic analysis of the project suggested that electricity rates could be lowered by 2 to 4 cents per kilowatt hour for the first 10 years and twice that amount in the following 10 years. Fox Islands Electric Cooperative members demonstrated overwhelming support for the project, voting 383 to 5 in favor on July 28, 2008. [ 4 ]
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