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. 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.