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 1,210 industrial customer accounts, 508,891 residential customer accounts and 51,088 commercial customers whom they provide electricity services to. Central Maine Power has an average residential electricity rate of 20.65 cents per kilowatt hour. This is 46.31% above the national average price of 14.11 cents, ranking the provider at 2879th best for average electricity rate out of 2923 companies in the United States. They sold 4,671,939 megawatt hours by way of retail sales in 2020. 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 2020, they made a total of $1,224,600,800 from business activities relating to the sale and transfer of electricity. They had revenue of $729,045,600 coming from retail sales to end users and $4,038,000 from wholesale electricity sales.

The average residential power bill for a customer of Central Maine Power is $122.88. The supplier currently does not produce 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.