MDF and the University of Maine are pleased to present our fifth Quarterly Economic Report, Energy In Maine. This series of quarterly reports further explores the economic indicators in Measures of Growth In Focus, a reliable and trusted annual report issued by the Maine Economic Growth Council.
Energy is a critical cost factor to Maine people and businesses and to others who may consider relocating here. The Measures of Growth report’s Cost of Energy indicator tracks retail and industrial electricity prices for Maine, both of which have declined in recent years. Nevertheless, Maine’s costs of energy remain high relative to the nation. Further understanding of the issues related to costs, consumption, and production can help inform our decisions as we look to grow Maine’s economy. Continuing improvements in efficiency and further diversification can give Maine people and businesses more options and greater flexibility to adjust to changing energy markets.