Madison Electric
Electricity Rates, Plans & Statistics
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About Madison Electric
Madison Electric is a municipally owned organization supplying electricity in Madison CDP in Somerset County, Maine. Currently, 2,682 consumers are provided electricity by the supplier. These customers are a mix of 2,428 residential customers, 239 commercial accounts and 15 industrial properties. On average, Madison Electric's residential electricity rate is 15.07 cents per kilowatt hour. Fortunately for their consumers, this price is lower than both the state and US average rates of 24.87 and 16.22 cents per kilowatt hour, respectively. Madison Electric had total sales and disposition of 33,033 megawatt hours in 2023, of which 86.12% were from sales to end users. The electricity sourced consisted of megawatt hours acquired via the wholesale market. They purchased 33,033 wholesale megawatt hours. In 2023, they made a total of $5,175,000 from business activities relating to the sale and transfer of electricity. They had 83.88% of their revenue coming from retail sales to end users.
The United States average monthly residential power bill is $143.38, while the Madison Electric average is 26.26% below at $105.73 per month. This is the 666th lowest average monthly bill amount for a provider in the United States. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.
Energy loss is a part of life when dealing with electricity transmission. Madison Electric currently averages a loss of approximately 13.88% of the total electricity they produce. The state of Maine has an energy loss average of 0.70% and the US average is 2.43%, giving Madison Electric a rank of 1431st best out of 3530 providers who report energy loss in the United States.
Madison Electric Rate & Electric Bills
Madison Electric residential electric rates are highest in September and the highest average bill is in January.
Historical Electricity Rates:
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Madison Electric Overview
- Company Type:Municipal
- Headquarters:6 Business Park Drive
Madison, Maine 04950
United States of America - Director/Superintendent:Marty Berry
Madison Electric Contact
- Website:www.madelec.net
- Customer Service Phone:(207) 696-4401
- Contact Page:www.madelec.net
Madison Electric Service
- Rates & Plans:www.madelec.net
- Outage Phone:(207) 696-4401 ext. 245
- States Served:
- Maine
- Counties Served:
- Somerset County
- Major Cities Served:
- Madison CDP
- Anson CDP
Energy Loss
Madison Electric's energy loss due to business operations.
Total Energy Loss
4,586MWh
1431 National Rank
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Madison Electric Coverage Map
Madison Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Maine | 2,684 | 4,442,491 | 8 | 100% |
Madison Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Somerset County | 50,424 | 25 | 29.08 | $150.76/mo |
Madison Electric Reviews
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Madison Electric FAQ:
How much is the average bundled bill for Madison Electric customers each month?
Madison Electric currently has an average monthly bundled electric bill of $105.73, compared to the Maine average of $135.70 and the US of $135.70 for bundled service.
What is the phone number for Madison Electric?
Madison Electric's customer service phone number is (207) 696-4401
Who is the CEO of Madison Electric?
Madison Electric's current CEO is Marty Berry.
What is the average bundled electricity rate for Madison Electric customers?
Madison Electric's current average bundled electricity rate is 15.07 cents per kilowatt hour (¢/kWh), compared to the average Maine bundled rate of 24.87 cents and the average United States rate of 16.22 cents.
