Van Buren Light and Power District

About Van Buren Light and Power District

Van Buren Light and Power District is a municipally owned entity headquartered in Van Buren, Maine and providing power to customers in 2 cities in Maine such as the cities of Presque Isle, Caribou, Houlton CDP, Madawaska CDP, and Fort Kent CDP. There are a total of 1,402 customer accounts who are receiving electricity from the supplier. These customers are made up of 81.74% residential properties, 16.76% commercial customers and 1.50% industrial accounts. Van Buren Light and Power District averages 12.08 cents per kilowatt hour charged to their consumers for residential electricity . This is below both the state and United States average prices of 16.58 and 13.26 cents per kilowatt hour, respectively. In 2019 the company sold 94.85% of their megawatt hours to end users (known as retail sales). The electricity sourced by the company is made up primarily of megawatt hours they acquired by way of wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. Their total revenue in 2019 was $1,470,000 and was earned only from electricity sales to retail customers.

The nationwide average monthly residential electricity bill is $117.93, while the Van Buren Light and Power District average is 39.17% lower at $71.73 per month. Electricity generation is not part of the Van Buren Light and Power District business model, as they purchase power at wholesale rates and then resell to their customers.