Maine’s deregulated energy market gives commercial customers the power to choose their electricity and natural gas suppliers. Instead of being locked into default utility supply rates, businesses can shop competitive energy providers to secure lower per‑kilowatt‑hour and per‑therm pricing and lock in fixed rates to stabilize budgets.
Electricity Market in Maine
Central Maine Power and Versant Power are the two primary electric distribution utilities in Maine. They continue to deliver electricity and maintain the poles and wires, but commercial customers can purchase their supply from competitive retail energy providers. By shopping for supply plans with low fixed rates, businesses can reduce their cost per kilowatt‑hour and avoid seasonal price swings.
Natural Gas Market in Maine
Maine has limited natural gas infrastructure, but commercial and industrial businesses in certain areas have access to pipeline gas. Utilities like Unitil’s Northern Utilities and Maine Natural Gas deliver the fuel, while licensed marketers offer supply contracts. Comparing offers from suppliers allows businesses to lock in fixed per‑therm rates and potentially son fuel costs. –>
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Commercial Energy Tips for Maine Businesses
- Compare competitive electricity suppliers to secure low per-kilowatt-hour rates.
- Evaluate contract length, per-therm rates, and additional charges before signing natural gas agreements.
- Lock in fixed-rate plans to stabilize energy budgets and avoid market volatility.
- Monitor energy market conditions and renegotiate your contract before it expires.