Madison Electric

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About Madison Electric

Madison Electric is a municipally owned organization supplying electricity in Madison CDP in Somerset County, Maine. Madison Electric has an average residential electricity rate of 15.22 cents per kilowatt hour, which is 33.77% lower than Maine's average rate of 22.98 cents. This makes the supplier 4th out of 11 suppliers in the state for best average electricity price. There were a total of 27,782 megawatt hours sold through retail sales in 2021 by the provider. The electricity they sourced was made up of megawatt hours procured on wholesale channels. They purchased 34,048 wholesale megawatt hours. In 2021, the supplier made a total of $4,850,000 from business activities relating to the sale and transfer of electricity. They had revenue of $4,093,000 from retail sales to end users.

The United States average monthly residential power bill is $131.84, while the Madison Electric average is 20.88% below at $104.3 per month. This is the 1099th 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.

Madison Electric Rate & Electric Bills

Madison Electric residential electric rates are highest in January and the highest average bill is in June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.181/kWh$0.132/kWh$138.68/mo.$69.70/mo.
2485th15.22¢Madison Electric's Average residential price per kWh
1099th$104.3Average monthly electricity bill for Madison Electric's residential customers

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

Madison Electric Service

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Energy provider of the year for Maine, Major Provider Category
Top 3 Lowest Energy Loss
Maine, Major Provider Category
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Madison Electric Coverage Map

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Madison Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State

Madison Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Somerset County50,4241721.20$122.51/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 $104.30, compared to the Maine average of $132.56 and the US of $132.56 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 15.22 cents per kilowatt hour (¢/kWh), compared to the average Maine bundled rate of 22.98 cents and the average United States rate of 14.84 cents.

King Manalo
Last Reviewed By: King Manalo
Published: 2022-08-01