Central Maine Power

About Central Maine Power

Central Maine Power is an investor owned organization headquartered in Augusta, Maine and serving customers in 14 counties in Maine including counties such as Cumberland County, York County, Penobscot County, Kennebec County, and Androscoggin County. The supplier has 992 industrial customer accounts, 517,166 residential customer accounts and 51,927 commercial customers whom they provide electricity services to. Central Maine Power has an average residential electricity rate of 26.07 cents per kilowatt hour. This is 65.44% above the national average price of 15.76 cents, ranking the provider at 2873rd best for average electricity rate out of 2892 companies in the United States. They sold 4,963,573 megawatt hours by way of retail sales in 2022. The electricity sourced by Central Maine Power is made up primarily of megawatt hours they purchased on the wholesale electricity market. Of the electricity sourced whole purchased made up 100.00%. In 2022, they made a total of $1,612,422,000 from business activities relating to the sale and transfer of electricity. They had revenue of $1,069,366,000 coming from retail sales to end users and $48,701,000 from wholesale electricity sales.

The average residential power bill for a customer of Central Maine Power is $144.05 per month. Consumers of the provider are faced with 1.71 electrical outages a year with outages lasting an average of 172.49 minutes. The supplier currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end customers.