Wood Pellet Prices, Supply Stable In Maine

Six years ago, Travis Sirois decided that with three of his children in college and unable to help him split firewood and put it in the cellar for the winter, it was time to do something different. “I asked around, and I was hearing great things at the time about pellet stoves,” the Caribou resident […]

Six years ago, Travis Sirois decided that with three of his children in college and unable to help him split firewood and put it in the cellar for the winter, it was time to do something different.

“I asked around, and I was hearing great things at the time about pellet stoves,” the Caribou resident said. “So I decided to buy one for my little house here, and I just love it. It heats the whole place pretty quickly.”

He finds that he is saving several hundred dollars a year by making the switch, but when he heard on the news that a fire had consumed the main production building at Northeast Pellets in Ashland this past summer, he wondered if the savings would last.

“I was afraid that it would drive up the price a bit on us,” he said. “That usually happens when there has been a shortage of something.” That doesn’t seem to be the case thus far, however, despite the fire that destroyed a chunk of the inventory at the major pellet supplier in Aroostook County, according to store owners and industry officials.

The Aug. 30 fire at Northeast Pellets in Ashland destroyed the main production building. Owner Matt Bell said at the time that the fire destroyed 500 tons of bulk pellets stored in two silos and shut down the operation indefinitely. Bell, who said then that he was insured and would rebuild, could not be reached for comment this week.

Read more on this from the Bangor Daily News: http://bangordailynews.com/2017/12/08/business/despite-fire-at-ashland-mill-fuel-pellet-prices-supply-stable-in-maine-2/

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