How much does Versant Power charge per kWh?

Versant Power reported an average residential price of 28.08¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.

Is Versant Power expensive compared with the rest of Maine?

Its average residential price is above the Maine customer-weighted average of 24.14¢ per kWh, a difference of +16.3%. The state figure is weighted by customers across the 8 utilities reporting residential service in Maine.

What is the average electricity bill for Versant Power customers?

Dividing reported residential sales by residential customers gives about 6,058 kWh per customer per year. At the reported average price that implies roughly $1,701 a year, or about $142 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns Versant Power?

EIA classifies Versant Power as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Maine · Investor Owned · investor

Versant Power Electricity Rates

Name: Versant Power residential electricity price, 2024
Creator: RateWatt

Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.

28.08¢
Avg residential price / kWh: 130.6K
Residential customers: +16.3%
vs Maine average: $1,701
Implied avg annual bill

Among 194 utilities with 100,000 or more residential customers, Versant Power ranks #11 by average cents per kWh and #161 by residential customers. Versant Power charged an average of 28.08¢ per kWh to residential customers in 2024 - above the Maine average and far above the Form 861 US customer-weighted average.

San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. Versant Power is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is above the Maine customer-weighted average (+16.3%). Its customers used below the national residential norm at about 6,058 kWh a year each.

San Diego Gas & Electric Co 43.63¢ · customers rank #90
Florida Power & Light Co 5,236,277 customers · price rank #122

FL size

5,236,277
CA rate

307,982

What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.

EIA Form 861 utility filing desk

Release ME-2024 · Versant Power WELL ABOVE STATE

Versant Power · Form 861 2024 · WELL ABOVE STATE

RATE 28.08¢/kWh
RANK #7/8
VS-ST +16.3%
VS-US +64.1%
CUST 131k
BILL $1,701
OWN IOU
PHOTO RI 0.18¢
BOOK 161/194

Nearest Form 861 price peer: The Narragansett Electric Co (RI) (+0.18¢ gap)

EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Maine rates

CA

26
this util

28
RI

28
CT

29
MA

30

What this shows Versant Power reports 28.08¢/kWh, corpus customer-rank 161 of 194.

F33/100

RateWatt cost context

How Versant Power compares on reported cost context

A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in Maine; the state generation context is shown separately.

Price against state peers: 14/100
Implied annual bill against state peers: 29/100
State renewable generation context: 84/100

Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.

Rate comparison

How this price compares

Ranked by price against the 8 utilities reporting residential rates in Maine, Versant Power comes 7th of 8. The state's range runs from Houlton Water Company at 11.95¢ to Palmetto Solar, LLC at 41.57¢, so where a household sits inside Maine depends far more on which utility serves it than on the statewide average alone.

Against the 1 other investor owned utilities reporting in Maine, whose customer-weighted average is 23.43¢, Versant Power is above its own ownership class within the state (+19.8%).

State price distribution

Where Versant Power sits among Maine utilities

2024 average residential price across the 8 utilities reporting a rate in Maine

28.08¢/kWh 14th affordability percentile More affordable than 14% of 7 other utilities

Versant Power

average residential price, equal-width bands

Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.

Source EIA Form 861 · 2024

Versant Power average residential price against three benchmarks, 2024
Benchmark	Price / kWh	Difference
Versant Power	28.08¢	-
Maine (customer-weighted, 8 utilities)	24.14¢	+16.3%
US Form 861 customer-weighted average (1.5K utilities)	17.11¢	+64.1%
Investor Owned customer-weighted US avg (183 utilities)	18.37¢	+52.9%

Each dot is one of the 8 Maine utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. Versant Power is highlighted. In Maine the cheapest rate belongs to Houlton Water Company (11.95¢) while the smallest implied annual bill belongs to Eastern Maine Electric Coop ($1,030) - a household's bill is price multiplied by consumption, so the two rankings are different lists.

Territory and usage

Scale and consumption

Versant Power reported 130.6K residential customers, ranking 2nd of 8 utilities in Maine by customers served and covering 19.6% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 6,058 kWh per customer per year - -24.9% against the Maine median of 8,063 kWh , implying a typical annual bill near $1,701.

State peers

Every utility reporting in Maine

All 8 utilities reporting bundled residential service in Maine, largest first, with Versant Power marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

Residential utilities in Maine, 2024, ranked by customers served
Utility	Ownership	Customers	Avg ¢/kWh
Central Maine Power Co	Investor Owned	519.3K	23.43¢
Versant Power (this page)	Investor Owned	130.6K	28.08¢
Eastern Maine Electric Coop	Cooperative	10.8K	17.06¢
Houlton Water Company	Municipal	3.9K	11.95¢
Town of Madison - (ME)	Municipal	2.4K	15.16¢
EverBright, LLC	Behind the Meter	504	18.87¢
Sunnova	Behind the Meter	80	24.38¢
Palmetto Solar, LLC	Behind the Meter	8	41.57¢

For generation mix and price history statewide, see electricity rates in Maine.

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond Maine, these indexable investor owned utilities report the closest residential averages to Versant Power in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

Same-ownership utilities outside Maine nearest in residential price
Utility	State	Customers	Avg ¢/kWh
The Narragansett Electric Co	Rhode Island	332.5K	28.26¢
Connecticut Light & Power Co	Connecticut	924.1K	28.51¢
NSTAR Electric Company	Massachusetts	383.4K	29.91¢
Central Hudson Gas & Elec Corp	New York	229.6K	25.14¢
Southern California Edison Co	California	3.2M	32.43¢

FAQ

Common questions about Versant Power rates

How much does Versant Power charge per kWh?: Versant Power reported an average residential price of 28.08¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
Is Versant Power expensive compared with the rest of Maine?: Its average residential price is above the Maine customer-weighted average of 24.14¢ per kWh, a difference of +16.3%. The state figure is weighted by customers across the 8 utilities reporting residential service in Maine.
What is the average electricity bill for Versant Power customers?: Dividing reported residential sales by residential customers gives about 6,058 kWh per customer per year. At the reported average price that implies roughly $1,701 a year, or about $142 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
Who owns Versant Power?: EIA classifies Versant Power as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

What this page does and does not tell you

An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology and why energy prices vary .

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.

Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.

Compiled by RateWatt, Independent US electricity-rate data portal

Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.