Electricity Rates in Madison, ME
Madison, ME is in a deregulated electricity market with 2 providers available. The average residential rate is 17.0¢/kWh, 10.5% below the Maine average of 19.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Madison
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central Maine Power Co | 18.0¢/kWh | 14.0¢/kWh | Investor Owned |
| Town of Madison - (ME) | 15.0¢/kWh | 21.0¢/kWh | Municipal |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Madison
At 17.0¢/kWh, a typical Madison household spends approximately $1807.44/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Madison
Charging an electric vehicle at home in Madison costs approximately $153.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Maine
Frequently Asked Questions
What is the average electricity rate in Madison, ME?
The average residential electricity rate in Madison, ME is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Madison?
Madison is served by 2 electricity providers. Central Maine Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Madison electricity rates compare to the rest of Maine?
Madison's average rate of 17.0¢/kWh is 10.5% below the Maine state average of 19.0¢/kWh. Residents enjoy some of the lower rates in the state.