Eastern Maine Electric Coop

About Eastern Maine Electric Coop

They currently provide electricity to residential, commercial and industrial customers, with a total of 30 industrial customers, 2,427 commercial accounts and 10,780 residential accounts recently reported to be signed on for their services. Eastern Maine Electric Coop charges their customers a residential electricity price of 17.56 cents per kilowatt hour on average. While this is less than the state average rate of 24.87 cents per kilowatt hour, it is higher than the national average of 16.22 cents. Of the 102,031 megawatt hours the company sold and dispossessed, 100.00% were from sales to end users. The electricity sourced by Eastern Maine Electric Coop is made up of primarily wholesale purchased megawatt hours, with 102,031 purchased by the company. In 2023 the company had total electricity related revenue of $16,735,000, with 97.05% coming from retail sales.

The average monthly residential electricity bill for a consumer of Eastern Maine Electric Coop is $92.55 per month. Customers of the company enjoy a 35.45% reduction compared to other residents of the country. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other suppliers to then be resold to their customers. Consumers of the provider deal with 7.43 power outages a year with outages lasting on average 2 minutes.