Maine has a deregulated electricity market with a strong focus on renewable energy, particularly hydroelectric and wind power.
Lowest Rates
Versant
~17.8¢/kWh
Highest Rates
Central
~18.5¢/kWh
Total Customers
810,000
across 2 utilities
Key Factors in Maine
A deregulated market, a focus on renewables, significant hydroelectric power, and challenges related to winter conditions are key factors in Maine's electricity landscape.
15-20¢/kWh
ENMAX Corporation (investor-owned)
16-21¢/kWh
Avangrid (investor-owned)
Maine's deregulated market allows customers to choose their electricity supplier, promoting competition, though delivery remains with the local utility.
The state has a strong commitment to renewable energy, with policies encouraging the development of wind, solar, and hydroelectric power sources.
Historically a cornerstone of its energy mix, hydroelectric power continues to be a significant and reliable source of electricity in Maine.
Harsh winters can strain the grid, leading to peak demand and potential outages. Utilities focus on storm preparedness and response.