Maine Energy Overview
Publication Name: School of Economics Staff Paper 636
Maine is a regional leader in renewable energy production and is third in the nation in percentage of renewable energy consumed. However, 61% of all primary energy consumed in Maine in 2017 was from non-renewable sources, about half of which were petroleum products. Because Maine does not have oil and natural gas reserves, it is reliant on oil and natural gas imports. Therefore, Maine is subject to the volatility of national and world oil and natural gas prices. Developing the state’s renewable energy resources, such as offshore wind and solar, may help alleviate some of that volatility and drive down expenditure costs.