Maine LD568 directs the Public Utilities Commission to evaluate different procurement methods for standard-offer service contracts.
Maine LD568 mandates the Public Utilities Commission to establish the maximum duration of standard-offer service contracts, considering market risks and price stability. If the commission rejects all bids for a new contract at the expiration of the current contract, the existing contract continues until a new bid is accepted. Additionally, if the current provider submits a bid for a new contract with a higher electricity rate, they must provide justification for the rate increase.
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