In 1993, Maine was ranked as the 14th most expensive state in the nation.
Cost of energy is a fundamental cost of doing business.
Recent studies have shown that it is among the key things that businesses look at when choosing a location to expand or move to. This measure relies on data provided by the U.S. Department of Energy and assimilates all costs of energy in Maine, weighted according to volume of use, and makes a comparison with the U.S. average. The U.S. Department of Energy measures the cost of energy consumed by end users, i.e., the residential, commercial, industrial, and transportation sectors. The measure excludes the cost of intermediate feedstocks used in industrial production processes. We have moved toward the benchmark.