The bids are due October 1 and suppliers will be picked December 1, 1999. Standard offer bids will last one year. So far only seven companies have applied to sell electric power in Maine - we hope that more will come in so there will be true competition. Others may be waiting to see the final standard offer bid price. Electric Prices Hit New Highs During Hot Summer in New England.
Electricity is sold by means of market hourly clearing prices for specified amounts of electricity.
These prices change during the day so there are daily high and low prices. These figures are currently being reviewed by the Independent System Operator and may change, but you can see that there is tremendous fluctuation. Deregulation brings less oversight over the regional grid . Now, which generators are down is now only known by the companies that own the facilities, the ISO and the state s public utilities commission. The transmission companies are unaware of what plants are down at what time, said Ishkanian.