Compare Waterville, ME electricity rates and plans (April 2025)

Best Waterville, ME electricity rates

In the city of Waterville, you can find electricity rates that range from 11.27 cents to 31.41 cents per kWh. The best electricity plans in Waterville 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 Waterville.

Because Maine has a deregulated electricity market, Waterville 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. Waterville electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

Average cost of electricity in Waterville, Maine

According to our data, the average electricity rate in Waterville is 19.91 cents per kWh. This equates to an average residential bill of $114.48 per month. Our data also shows the average resident in Waterville uses 575 kWh per month. Below, you can see how Waterville's electricity rates compare to the averages in Maine and the United States.

Since the average price is 19.91 cents per kWh or $114.48 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Waterville, 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 Waterville 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 Waterville electricity providers

There are 11 electricity providers in Waterville, 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.

Business electricity rates in Waterville, ME

Commercial rates are typically cheaper than residential rates in Waterville, 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 Waterville pays 15.48 cents per kWh for electricity and has an average bill of $52,628 per month. They also use 3,399 kWh per month, which is a big increase from the residential average of 575 kWh.

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 Waterville, 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 Waterville electricity provider

Switching electricity companies in Waterville 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 Waterville, Maine?

When should you make the switch to a new energy provider in Waterville? 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 Waterville's deregulated market allows you to shop for better rates, but timing is essential for maximum savings.

Waterville'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 Waterville, ME

Waterville 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 Waterville electricity rates

Compare Waterville 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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Waterville, ME electricity rate FAQs