Versant Power

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 130,111 residential customer accounts, 23,643 commercial customers and 39 industrial accounts. On average, Versant Power's patrons spend 29.35 cents per kilowatt hour for their residential electricity, which is, sadly, 86.27% above the average US price of 15.76 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 $154.3. This is 14.01% higher than the nationwide average of $135.34. The electricity grid owned by the provider has an average of 2.46 outages per consumer a year, with outages lasting an average of 326 minutes. The US average for other providers is 1.45 outages per consumer and approximately 171.11 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.