Maine Electricity Rates

Maine energy rates

Maine features a deregulated energy market for homes and businesses, allowing you to choose from several Maine electricity providers. SaveOnEnergy’s online marketplace compares electricity providers and prices in your area to make shopping for an energy plan quick, easy, and informative. Enter your ZIP code to find the best Maine electricity providers for your needs and budget.

Compare Maine electricity rates

How to find the best electricity rates in Maine

The energy market can be temperamental, as energy rates can change quickly with fluctuations in demand and seasons. Using our marketplace, you can secure lower rates as they become available. Here’s how it works:

• Enter your ZIP code: Doing so gives you a list of available energy plans and providers in your area, complete with helpful details such as price per kilowatt hour (kWh), our comprehensive rating, and available term lengths.
• Sign up fast: After finding the best option for you, you can sign up online or call our energy experts at the number on the screen to find out more.
• Enjoy the savings: Your supplier handles the rest of the work for you. You can now sit back and enjoy your lower rate.

Electricity rates in my area

Utility transmission rates are one of the factors determining electricity rates. It is why you could share the same provider and plan as someone else in Maine, yet both pay different rates.

Instead of individually researching options, SaveOnEnergy will provide you with our in-depth provider profiles to help you find accurate pricing in your area quickly. Get started by providing your ZIP code.

Types of electric plans in Maine

When searching for the best electricity rates in Maine, you’ll encounter multiple plan types with different rate structures. Here’s a breakdown of each:

Fixed-rate plans in Maine

With a fixed-rate plan, you’ll pay the same energy rate for the length of the contract, usually between 12 and 36 months. This type of plan allows you to secure lower prices and avoid price hikes when energy demand increases. However, you might have to pay an early termination fee (ETF) if you cancel before the term expires. 

Variable-rate plans in Maine

If you choose a variable-rate plan, your energy rate changes as market conditions dictate, meaning when demand lowers, your rate can drop. On the other hand, when homes consume more energy, the opposite applies. With this option, you can also switch providers with no fees. 

No deposit and prepaid energy plans in Maine

Electricity suppliers can check your credit when you request energy service. If you don’t meet their threshold, they might impose a deposit before service begins. One way around this is with a no-deposit plan, a common type being the prepaid plan. Instead of undergoing a credit check, you sign up and pay as you go.

Green energy plans in Maine

Some Maine providers offer renewable energy incentives by way of green energy plans. You can use the limited solar energy produced in the state to your advantage and save money. Look for incentives on your energy plan’s Electricity Facts Label (EFL). Enter your ZIP code and filter for “green energy” to discover all green energy plans near you. 

Business energy plans in Maine

Companies can also use deregulation to their advantage. You can fill out this business energy form or call our energy experts at the number on your screen to receive customized solutions.

Cheap energy prices in Maine

Climate also plays a significant role in energy prices. Particularly in summer and winter, you will probably pay higher rates due to higher energy demand. 

That’s why it’s best to secure cheap electricity in Maine by shopping during non-peak times when the weather is milder, especially in the spring and fall. However, no matter when you shop, the SaveOnEnergy marketplace will help you find the cheapest rates available at any time of the year.

Energy providers and utility companies in Maine

In Maine’s deregulated electricity market, energy suppliers and utility companies have different responsibilities. Energy providers purchase electricity and offer energy plans to supply power to Maine homes and businesses.

Meanwhile, utility companies are responsible for the production and deployment of energy. They are your point of contact in the case of a power outage or a downed power line. In Maine, two of the most popular utilities are Central Maine Power and Emera Maine. 

Contact your Maine utility company

You’ll need to contact your local utility, not your energy provider, to report service outages. Use the appropriate phone number listed below to do so.

Not sure what kind of energy plan will work for your home?

At SaveOnEnergy, we provide ample resources to help you on your way to finding the energy plan for you. You can learn about different plan types like the prepaid option, guidance on reading your electricity bill, and ways to reduce electricity costs. You can also use SaveOnEnergy’s usage calculator. Using this information can help you find the right plan from the best electric company near me. 

If you’d like to learn more, enter your ZIP code or call the number on your screen to screen to speak with one of our energy experts.

SaveOnEnergy’s tips for easy electricity service setup

• Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
  • Price per kilowatt-hour based on your energy usage
  • The plan’s percentage of renewable energy sourcing
  • Early termination fees
• Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
• Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees appear as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.