Versant Power: Rates and Coverage Area

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. Versant Power averages 27.97 cents per kilowatt hour billed to their consumers for residential electricity, which is 15.96% above the average state rate of 24.12 cents. A total of 1,449,997 megawatt hours were sold to retail accounts in 2023 by the provider and 541,623 megawatt hours sold via the wholesale market. The electricity sourced by Versant Power is made up primarily of megawatt hours they procured by way of wholesale channels. Of the electricity sourced whole purchased made up 100.00%. Their revenue in 2023 from electricity activities was $428,490,400, with $22,198,100 coming from wholesale electricity sales and $353,034,600 from retail sales to end users.

Customers of the supplier pay an average monthly residential electricity bill of $141.67. This is 0.96% lower than the US average bill of $143.04. The electricity grid owned by the provider has an average of 2.19 outages per consumer a year, with outages lasting an average of 303 minutes. The US average for other providers is 1.44 outages per consumer and approximately 123.49 minutes each outage. The supplier is not associated with any power facilities and all of the power that they sell to their customers must be purchased wholesale from other companies.

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.

Energy Loss

Versant Power has energy loss of 0.11% of their total production from heat dissipation and other causes. This percentage of loss earns them a ranking of best out of 19 companies who report energy loss in Maine.

Versant Power Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.336/kWh$0.153/kWh$200.08/mo.$76.41/mo.
2873rd27.97¢Versant Power's Average residential price per kWh
1688th$141.67Average 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

Versant Power Plans

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.

Most Popular Versant Power Plans

Secure Choice 12

Residential

  • Rate 14.75¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 14.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

All Versant Power Plans

Secure Choice 12

Residential

  • Rate 14.75¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 14.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%
Energy provider of the year for Maine, Major Provider Category
Top 3 Lowest Energy Loss
Maine, Major Provider Category
Claim Award

Energy Loss

Versant Power's energy loss due to business operations.

-0.11%

Total Energy Loss

2,248MWh

58 National Rank

Grid Reliability

Length & Frequency of Versant Power's Power Outages

303 min.

vs. national average of 123.49 min.

2.19 outages/yr

vs. national average of 1.44

Power Outages

Currently, 0 customers are being tracked in Versant Power.

Learn more

Customers Out:

0

Versant Power Coverage Map

Coverage Map Placeholder

Versant Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Maine154,732345,591,0304100%

Versant Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Aroostook County67,2552730.11$146.98/mo
Hancock County55,4172530.65$150.21/mo
Penobscot County153,7042630.13$148.20/mo
Piscataquis County16,7602529.62$149.66/mo
Washington County31,0032529.53$144.29/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:

How many counties does Versant Power offer service in?

There are 5 counties that receive at least some electricity coverage by Versant Power including Maine.

What is the phone number for Versant Power?

You can reach Versant Power by phone via (855) 363-7211.

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

Customers of Versant Power pay, on average, a monthly bundled bill of $141.67.

Who is the CEO of Versant Power?

Versant Power's CEO is John Flynn.

When will Versant Power power be restored?

The average number of minutes for an outage for Versant Power's consumers is 303 minutes.

Does Versant Power have a parent company?

Versant Power is a subsidiary of ENMAX.

What cities does Versant Power offer service in?

Versant Power supplies to 22 cities.

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

The average bundled price of electricity for customers of Versant Power is 27.97 cents per kilowatt hour (¢/kWh).

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-06-29