Compare Maine electricity rates and plans (March 2025)

What to know about electricity rates in Maine

• The average Maine electricity rate is 23.48 cents per kWh while the average national rate is 16.06 cents
• The cheapest electricity rate is 11.35 cents per kWh for Maine residents
• Maine's deregulated electricity market includes 170 providers

Best Maine electricity rates

Maine electricity rates range from 11.35 cents to 51.39 cents per kWh. The rates you find vary depending on the providers and plans available to you, and comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Maine.

Because Maine has a deregulated electricity market, you have the flexibility to shop around for a cheaper electricity bill. Many states don't offer this choice. If you're looking to reduce your energy bill, consider switching to a different provider or plan. Maine electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

Average cost of electricity in Maine

According to our data, the average electricity rate in Maine is 23.48 cents per kWh. This equates to an average residential bill of $129.96 per month. The national average rate is 16.06 cents per kWh, and Maine ranks as the 46th lowest priced state in the nation.

Since the average price is 23.48 cents per kWh or $129.96 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Maine depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.

Best electricity plans

In Maine, the best electricity plans provide competitive rates, renewable energy options, and fixed or variable pricing. Top providers offer reliability, transparency, and customer incentives so you can save money and enjoy responsive support.

We've analyzed the prices, terms, and conditions of popular Maine electricity plans. Below are our picks for the best residential plans in the state.

Provider	Contract Term	Rate	Plan
	12 months	14.75¢/kWh	See Plan
	12 months	14.99¢/kWh	See Plan
	12 months	15.99¢/kWh	See Plan
	12 months	16.49¢/kWh	See Plan
See All Plans

Compare Maine electricity providers

There are 19 electricity providers in Maine. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.

Business electricity rates in Maine

Commercial rates are typically cheaper than residential rates in Maine because businesses consume much more energy than homes on average. Businesses basically get a volume discount on electricity since they use so much. Our data shows the average business in Maine pays 20.84 cents per kWh for electricity and has an average bill of $34,982 per month.

Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.

Best commercial electricity plans

Below are the top commercial electricity plans in Maine.

Provider	Contract Term	Rate	Plan
	3 months	7.073¢/kWh	See Plan
	3 months	7.178¢/kWh	See Plan
	3 months	7.240¢/kWh	See Plan
	3 months	7.248¢/kWh	See Plan
	4 months	8.644¢/kWh	See Plan
	4 months	8.813¢/kWh	See Plan
	4 months	8.853¢/kWh	See Plan
	4 months	8.882¢/kWh	See Plan
	15 months	10.560¢/kWh	See Plan
	14 months	10.661¢/kWh	See Plan
	16 months	10.787¢/kWh	See Plan
	15 months	10.796¢/kWh	See Plan
	15 months	10.825¢/kWh	See Plan
	15 months	10.872¢/kWh	See Plan
	14 months	10.891¢/kWh	See Plan
	5 months	10.892¢/kWh	See Plan
	13 months	10.929¢/kWh	See Plan
	14 months	10.929¢/kWh	See Plan
	14 months	10.982¢/kWh	See Plan
	16 months	11.018¢/kWh	See Plan
	16 months	11.056¢/kWh	See Plan
	5 months	11.092¢/kWh	See Plan
	16 months	11.093¢/kWh	See Plan
	27 months	11.122¢/kWh	See Plan
	13 months	11.152¢/kWh	See Plan
	28 months	11.169¢/kWh	See Plan
	26 months	11.194¢/kWh	See Plan
	13 months	11.196¢/kWh	See Plan
	12 months	11.208¢/kWh	See Plan
	5 months	11.222¢/kWh	See Plan
	5 months	11.236¢/kWh	See Plan
	13 months	11.241¢/kWh	See Plan
	17 months	11.323¢/kWh	See Plan
	25 months	11.340¢/kWh	See Plan
	27 months	11.358¢/kWh	See Plan
	29 months	11.370¢/kWh	See Plan
	27 months	11.391¢/kWh	See Plan
	28 months	11.415¢/kWh	See Plan
	26 months	11.427¢/kWh	See Plan
	11 months	11.428¢/kWh	See Plan
	27 months	11.429¢/kWh	See Plan
	28 months	11.436¢/kWh	See Plan
	12 months	11.442¢/kWh	See Plan
	36 months	11.446¢/kWh	See Plan
	26 months	11.464¢/kWh	See Plan
	24 months	11.476¢/kWh	See Plan
	28 months	11.482¢/kWh	See Plan
	12 months	11.483¢/kWh	See Plan
	35 months	11.488¢/kWh	See Plan
	26 months	11.507¢/kWh	See Plan
	12 months	11.521¢/kWh	See Plan
	34 months	11.530¢/kWh	See Plan
	17 months	11.548¢/kWh	See Plan
	23 months	11.555¢/kWh	See Plan
	25 months	11.569¢/kWh	See Plan
	30 months	11.608¢/kWh	See Plan
	25 months	11.609¢/kWh	See Plan
	17 months	11.611¢/kWh	See Plan
	33 months	11.613¢/kWh	See Plan
	29 months	11.634¢/kWh	See Plan
	29 months	11.640¢/kWh	See Plan
	17 months	11.642¢/kWh	See Plan
	25 months	11.647¢/kWh	See Plan
	22 months	11.648¢/kWh	See Plan
	11 months	11.672¢/kWh	See Plan
	32 months	11.692¢/kWh	See Plan
	36 months	11.701¢/kWh	See Plan
	29 months	11.708¢/kWh	See Plan
	24 months	11.710¢/kWh	See Plan
	31 months	11.712¢/kWh	See Plan
	36 months	11.715¢/kWh	See Plan
	10 months	11.717¢/kWh	See Plan
	11 months	11.725¢/kWh	See Plan
	24 months	11.749¢/kWh	See Plan
	35 months	11.749¢/kWh	See Plan
	12 months	11.754¢/kWh	See Plan
	11 months	11.761¢/kWh	See Plan
	24 months	11.784¢/kWh	See Plan
	23 months	11.795¢/kWh	See Plan
	34 months	11.795¢/kWh	See Plan
	21 months	11.820¢/kWh	See Plan
	36 months	11.826¢/kWh	See Plan
	23 months	11.838¢/kWh	See Plan
	18 months	11.845¢/kWh	See Plan
	35 months	11.856¢/kWh	See Plan
	30 months	11.860¢/kWh	See Plan
	24 months	11.870¢/kWh	See Plan
	36 months	11.870¢/kWh	See Plan
	23 months	11.873¢/kWh	See Plan
	33 months	11.880¢/kWh	See Plan
	30 months	11.884¢/kWh	See Plan
	34 months	11.886¢/kWh	See Plan
	36 months	11.887¢/kWh	See Plan
	22 months	11.893¢/kWh	See Plan
	30 months	11.903¢/kWh	See Plan
	35 months	11.919¢/kWh	See Plan
	12 months	11.927¢/kWh	See Plan
	22 months	11.937¢/kWh	See Plan
	34 months	11.952¢/kWh	See Plan
	33 months	11.959¢/kWh	See Plan
See All Plans

How to switch Maine electricity companies

Switching electricity companies in Maine involves a straightforward process that requires careful planning and attention to timing.

You'll need to contact your current provider and choose a new supplier up to 90 days before making the switch.

Key steps to guarantee a smooth changeover:

• Research suppliers like SmartEnergy, Clearview Energy, and Electricity Maine
• Compare rates with the standard offer from your utility company
• Review contract terms and early termination fees
• Verify the new supplier's requirements and deadlines
• Align start and end dates between providers

After switching, monitor your first bill carefully and keep records of your new service agreement, including rates and renewal dates.

When is the best time to switch energy providers in Maine?

When should you make the switch to a new energy provider in Maine? The ideal timing depends on three key factors: seasonal patterns, contract terms, and market conditions.

For the best rates, you'll want to switch during spring (March-May) or fall (September-November) when energy demand is lower. These shoulder seasons typically offer more competitive pricing and stable consumption patterns.

Before switching, you should:

• Review your current contract's expiration date
• Check for early termination fees
• Compare rates from multiple providers
• Plan the switch up to 90 days before your contract ends

Remember that Maine's deregulated market allows you to shop for better rates, but timing is essential for maximum savings.

How deregulated electricity works in Maine

Since Maine deregulated its electricity market in 2000, you've had the freedom to choose your electricity supplier while your utility company handles power delivery.

Under this system, companies like Central Maine Power focus solely on maintaining power lines and delivering electricity to your home.

You'll interact with two key entities:

• Your utility company (handles transmission and distribution)
• Your electricity supplier (provides the actual power)

The Maine Public Utilities Commission oversees this market, requiring suppliers to maintain 30% renewable energy portfolios.

Through deregulation, you can compare rates among different providers or join buying groups to negotiate better prices.

Types of electricity plans in Maine

Maine residents can select from four primary types of electricity plans, each designed to meet different household needs and budgeting preferences.

You'll find fixed-rate plans that offer consistent pricing throughout your contract term, typically ranging from 12.49 to 16.75 cents per kilowatt-hour. Variable-rate plans adjust monthly based on market conditions, while time-of-use plans provide lower rates during off-peak hours.

If you're looking to avoid deposits, you can choose between no-deposit plans (requiring good credit) or prepaid options.

Each plan type comes with distinct advantages:

• Fixed rates provide predictable bills
• Variable rates offer flexibility without contracts
• TOU plans reward off-peak usage
• Prepaid plans eliminate surprise charges

Compare Maine electricity rates

Compare Maine electricity rates to save money and avoid overpaying in the deregulated market. Your bill can vary greatly depending on the provider and plan structure. Take the time to read the fine print and do the math to figure out which is your best option.

Maine electricity rate FAQs