Versant Power: Rates and Coverage Area

Versant Power

Electricity Rates, Plans & Statistics

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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 130,147 residential customer accounts, 23,604 commercial customers and 40 industrial accounts. On average, Versant Power's patrons spend 29.54 cents per kilowatt hour for their residential electricity, which is, sadly, 88.90% above the average US price of 15.64 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 $157.64. This is 18.80% higher than the nationwide average of $132.69. 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.

Energy Loss

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 Rate & Electric Bills

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

Historical Electricity Rates:

Price Per kWhAverage Bill$0.336/kWh$0.153/kWh$200.08/mo.$76.41/mo.
2892nd29.54¢Versant Power's Average residential price per kWh
2427th$157.64Average 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.

-1.71%

Total Energy Loss

32,275MWh

166 National Rank

Versant Power Coverage Map

Coverage Map Placeholder

Versant Power State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Maine153,791359,340,6814100%

Versant Power County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Aroostook County67,2552026.20$141.25/mo
Hancock County55,4172026.58$143.52/mo
Penobscot County153,7042026.41$142.58/mo
Piscataquis County16,7601926.31$142.76/mo
Washington County31,0031825.42$136.39/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 29.54 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 $157.64.

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.

Nick Reese
Last Reviewed By: Nick Reese
Published: 2023-12-06