Secure Choice 12
Residential
- Rate 14.75¢ / kWh
- Contract Length 12 mo.
- Effective Date Aug 2023
- Green Energy 0%
- Plan seen in Maine
- Terms and Conditions
Electricity Rates, Plans & Statistics
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 130,467 residential customer accounts, 23,620 commercial customers and 41 industrial accounts. On average, Versant Power's patrons spend 29.19 cents per kilowatt hour for their residential electricity, which is, sadly, 87.26% above the average US price of 15.59 cents. About 1,389,221 megawatt hours were sold by the provider to retail customers in 2022 and 462,762 megawatt hours were sold to other providers via whole channels. Of the megawatt hours they sourced, 1,884,258 megawatt hours were obtained via the wholesale electricity market. The total revenue for the company in 2022 from electricity sales was $361,507,000, with $278,777,600 coming from retail sales to end users and $35,280,900 from wholesale electricity sales.
Customers of the supplier pay an average monthly residential electric bill of $152.82. This is 14.72% higher than the nationwide average of $133.21. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.
Versant Power, thankfully, offers net metering choices to their consumers. Installation of solar panels and alternative electricity sources is often prohibitively priced for residents. Net metering allows purchasers of these electricity sources to sell excess wattage back into the grid, making the installation of these alternative sources financially possible.
Versant Power has energy loss of 1.71% of their total production from heat dissipation and other causes. This percentage of loss earns them a ranking of best out of 22 companies who report energy loss in Maine.
Versant Power residential electric rates are highest in January and the highest average bill is in August.
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Versant Power offers a total of 2 plans for electricity. Plans are subject to change at any time and these may not be the plans currently offered.
Residential
Residential
Residential
Versant Power's energy loss due to business operations.
Total Energy Loss
32,275MWh
166 National Rank
State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
---|---|---|---|---|
Maine | 153,810 | 352,923,737 | 4 | 100% |
County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
---|---|---|---|---|
Aroostook County | 67,255 | 20 | 26.08 | $140.42/mo |
Hancock County | 55,417 | 20 | 26.45 | $142.72/mo |
Penobscot County | 153,704 | 20 | 26.28 | $141.81/mo |
Piscataquis County | 16,760 | 19 | 26.19 | $142.24/mo |
Washington County | 31,003 | 18 | 25.31 | $135.56/mo |
* City coverage generated based on government data. Always verify you can get service from the provider.
Versant Power has customers in 22 cities.
Versant Power's customer service phone number is (855) 363-7211
Customers of Versant Power, on average, have an electricity bundled rate 29.19 cents per kilowatt hour (¢/kWh).
Consumers of Versant Power pay, on average, a monthly bundled bill of $152.82.
Versant Power offers service to customers in 5 counties in the country including Maine.
Versant Power is owned by ENMAX.
John Flynn is the CEO of Versant Power.