Versant Power

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About Versant Power

Versant Power is an investor owned company supplying electricity in 5 different counties throughout Maine including Penobscot County, Aroostook County, Hancock County, Washington County, and Piscataquis County. The company has 128,529 residential customer accounts, 23,496 commercial customers and 87 industrial accounts. On average, Versant Power's patrons spend 21.47 cents per kilowatt hour for their residential electricity, which is, sadly, 52.17% above the average US price of 14.11 cents. About 1,254,824 megawatt hours were sold by the provider to retail customers in 2020 and 237,056 megawatt hours were sold to other providers via whole channels. Of the megawatt hours they sourced, 1,498,496 megawatt hours were obtained via the wholesale electricity market. The total revenue for the company in 2020 from electricity sales was $251,245,100, with $193,350,400 coming from retail sales to end users and $4,007,300 from wholesale electricity sales.

Customers of the supplier pay an average monthly residential electricity bill of $116.02. This is 7.88% lower than the US average bill of $125.95. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.

Versant Power Net Metering

Versant Power, thankfully, offers net metering choices to their consumers. Installation of solar panels and alternative electricity sources is often prohibitively priced for residents. Net metering allows purchasers of these electricity sources to sell excess wattage back into the grid, making the installation of these alternative sources financially possible.

Versant Power Rate & Electric Bills

Versant Power residential electric rates are highest in January and the highest average bill is in October.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.251/kWh$0.153/kWh$154.05/mo.$76.41/mo.
2891st21.47¢Versant Power's Average residential price per kWh
1662nd$116.02Average monthly electricity bill for Versant Power's residential customers

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Versant Power Overview

  • Company Type:Investor Owned
  • Parent Company:ENMAX
  • Headquarters:21 Telcom Drive
    Bangor, Maine 04401
    United States of America
  • CEO:John Flynn

Versant Power Contact

Versant Power Service

Reduce or replace your electricity bill with solar for as low as $0 down and $79/mo

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

Coverage Map Placeholder

Versant Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Maine152,112251,532,9714100%

Versant Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Aroostook County67,1051920.71$115.31/mo
Hancock County55,4781920.81$116.70/mo
Penobscot County152,1991920.70$116.09/mo
Piscataquis County16,8001820.27$115.95/mo
Washington County31,0951720.35$112.10/mo

Cities Versant Power Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Versant Power Reviews

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Versant Power FAQ:

What cities does Versant Power provider electricity to?

Versant Power has customers in 22 cities.

What is the phone number for Versant Power?

Versant Power's customer service phone number is (855) 363-7211

What is the average bundled electricity rate for Versant Power customers?

Customers of Versant Power, on average, have an electricity bundled rate 21.47 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Versant Power customers each month?

Consumers of Versant Power pay, on average, a monthly bundled bill of $116.02.

How many counties does Versant Power sell electricity to?

Versant Power offers service to customers in 5 counties in the country including Maine.

What company is Versant Power owned by?

Versant Power is owned by ENMAX.

Who is the CEO of Versant Power?

John Flynn is the CEO of Versant Power.

Last Reviewed By: Nick Reese
Published: 2022-08-01