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 928 industrial customer accounts, 517,624 residential customer accounts and 51,933 commercial customers whom they provide electricity services to. Central Maine Power has an average residential electricity rate of 22.72 cents per kilowatt hour. This is, luckily, 3.26% less than the state's average rate of 23.48 cents, resulting in the company ranking 6th best for average electricity price out of 12 suppliers in the state. In 2023 Central Maine Power had sales to end users totaling 4,622,767 megawatt hours and wholesale sales of 4,622,767 megawatt hours. Of the megawatt hours they sourced, 5,436,872 megawatt hours were procured by way of the wholesale electricity market. In 2023, they made a total of $1,869,693,100 from business activities relating to the sale and transfer of electricity. They had revenue of $1,235,581,000 coming from retail sales to end users and $23,151,000 from wholesale electricity sales.

The average residential power bill for a customer of Central Maine Power is $126.1. Consumers of the provider are faced with 1.82 electrical outages a year with outages lasting an average of 190.3 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.