

It will likely take awhile for this to have any effect. I know at least in my state (ME) the utility needs to give a 30 day notice of rate hike and then that needs to then go to committee within public utility commission, who will basically arbitrate the request for increase.
Consequently, my supplier of electricity is a wholly owned Canadian company…so they’d actually be paying the increase until a rate hike was approved. Also, would a punitive rate hike even be approved?
They have enough trouble getting a 1% rate hike though for building infrastructure.
Edit: Although I’m not up to speed on if the affected states have set rates or variable rates.
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