Table of Contents
- What to know aboout electricity rates in Bangor, Maine
- Best Bangor, ME electricity rates
- Average cost of electricity in Bangor, Maine
- Best electricity plans in Bangor
- Business electricity rates in Bangor, Maine
- Best commercial electricity plans in Bangor
- How to switch Bangor, Maine electricity companies
- How deregulated electricity works in Bangor
- Types of electricity plans in Bangor, Maine
- Compare Bangor electricity rates
- Bangor, Maine electricity rate FAQs
What to know about electricity rates in Bangor, ME
- Bangor residents pay 20.45 cents per kWh while the average national rate is 16.08 cents
- The cheapest electricity rate is 11.27 cents per kWh for Bangor residents
- You can shop rates from 11 available providers in Bangor
Best Bangor, ME electricity rates
In the city of Bangor, you can find electricity rates that range from 11.27 cents to 31.41 cents per kWh. The best electricity plans in Bangor for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Bangor.
What is the cheapest electricity company in Bangor, ME?
Provider | Service | Rate (¢/kWh) |
---|---|---|
First Point Power | Energy | 10.52 |
CN Brown Energy | Energy | 13.24 |
Major Energy Electric Services | Energy | 16.11 |
Ambit Energy | Energy | 17.10 |
North American Power | Energy | 17.10 |
SmartEnergy Holdings | Energy | 17.96 |
Town Square Energy | Energy | 19.10 |
Energy Rewards | Energy | 21.03 |
Electricity Maine | Energy | 22.43 |
Versant Power | Bundled | 28.08 |
Because Maine has a deregulated electricity market, Bangor residents 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. Bangor electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Bangor, Maine
According to our data, the average electricity rate in Bangor is 20.45 cents per kWh. This equates to an average residential bill of $108.13 per month. Our data also shows the average resident in Bangor uses 529 kWh per month. Below, you can see how Bangor's electricity rates compare to the averages in Maine and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Bangor Average | 20.45¢ | 529 kWh | $108.13 |
Maine Average | 23.29¢ | 627 kWh | $128.33 |
United States Average | 16.08¢ | 871 kWh | $140.10 |
Since the average price is 20.45 cents per kWh or $108.13 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Bangor, 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
We've analyzed the prices, terms, and conditions of popular Bangor 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 Bangor electricity providers
There are 11 electricity providers in Bangor, ME. 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.
Residential Electricity Providers in Bangor
Provider | Service Type | Rate (¢/kWh) | Bill |
---|---|---|---|
First Point Power | Energy | 10.52 | $50.31 |
CN Brown Energy | Energy | 13.24 | $85.87 |
Major Energy Electric Services | Energy | 16.11 | $102.31 |
Ambit Energy | Energy | 17.10 | $103.73 |
North American Power | Energy | 17.10 | $93.02 |
SmartEnergy Holdings | Energy | 17.96 | $88.91 |
Town Square Energy | Energy | 19.10 | $115.30 |
Energy Rewards | Energy | 21.03 | $86.33 |
Electricity Maine | Energy | 22.43 | $113.07 |
Versant Power | Bundled | 28.08 | $141.77 |
Business electricity rates in Bangor, ME
Commercial rates are typically cheaper than residential rates in Bangor, Maine because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Bangor pays 12.14 cents per kWh for electricity and has an average bill of $42,469 per month. They also use 3,499 kWh per month, which is a big increase from the residential average of 529 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Bangor Average | 12.14¢ | 3,499 kWh | $424.69 |
Maine Average | 20.62¢ | 1,675 kWh | $345.35 |
United States Average | 12.05¢ | 5,603 kWh | $675.03 |
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 Bangor, 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 your Bangor electricity provider
Switching electricity companies in Bangor 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.
Best time to switch electric companies in Bangor, Maine?
When should you make the switch to a new energy provider in Bangor? 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 Bangor's deregulated market allows you to shop for better rates, but timing is essential for maximum savings.
Bangor's deregulated electricity market
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 Bangor, ME
Bangor 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 19 to 21 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 Bangor electricity rates
Compare Bangor electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 11 to 31 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.
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Bangor, ME electricity rate FAQs
What is a good rate per kWh in Bangor?
In Bangor, Maine, a good electricity rate falls between 19 cents to 21 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.
What are electric rates in Bangor today?
Bangor electricity rates currently average 20.45 cents per kWh, but you'll likely pay between 18 to 22 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Bangor, ME right now?
Your Bangor electricity costs are high due to expensive transmission upgrades and natural gas prices. Maine has seen billions in recent grid improvements, while deregulation and renewable project charges increase your bills further.
Will electricity get cheaper in the future?
Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.