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. 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 $143.04. The electricity grid owned by the provider has an average of 2.19 outages per consumer a year, with outages lasting an average of 303 minutes. The US average for other providers is 1.44 outages per consumer and approximately 123.49 minutes each outage. The supplier is not associated with any power facilities and all of the power that they sell to their customers must be purchased wholesale from other companies.
Versant Power, thankfully, offers net metering choices to their consumers. Installation of solar panels and alternative electricity sources is often prohibitively priced for residents. Net metering allows purchasers of these electricity sources to sell excess wattage back into the grid, making the installation of these alternative sources financially possible.
Versant Power has energy loss of 0.11% of their total production from heat dissipation and other causes. This percentage of loss earns them a ranking of best out of 19 companies who report energy loss in Maine.
Versant Power residential electric rates are highest in August and the highest average bill is in January.
Find out which plans are best for your home or business in your area and send a change request in minutes.
Versant Power offers a total of 2 plans for electricity. Plans are subject to change at any time and these may not be the plans currently offered.
Residential
Residential
Residential
Versant Power's energy loss due to business operations.
Total Energy Loss
2,248MWh
58 National Rank
Length & Frequency of Versant Power's Power Outages
303 min.
vs. national average of 123.49 min.
2.19 outages/yr
vs. national average of 1.44
State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
---|---|---|---|---|
Maine | 154,732 | 345,591,030 | 4 | 100% |
County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
---|---|---|---|---|
Aroostook County | 67,255 | 27 | 30.11 | $146.98/mo |
Hancock County | 55,417 | 25 | 30.65 | $150.21/mo |
Penobscot County | 153,704 | 26 | 30.13 | $148.20/mo |
Piscataquis County | 16,760 | 25 | 29.62 | $149.66/mo |
Washington County | 31,003 | 25 | 29.53 | $144.29/mo |
* City coverage generated based on government data. Always verify you can get service from the provider.
There are 5 counties that receive at least some electricity coverage by Versant Power including Maine.
You can reach Versant Power by phone via (855) 363-7211.
Customers of Versant Power pay, on average, a monthly bundled bill of $141.67.
Versant Power's CEO is John Flynn.
The average number of minutes for an outage for Versant Power's consumers is 303 minutes.
Versant Power is a subsidiary of ENMAX.
Versant Power supplies to 22 cities.
The average bundled price of electricity for customers of Versant Power is 27.97 cents per kilowatt hour (¢/kWh).