Versant Power Electricity Rates

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, which averaged 23.43¢, Versant Power is above its own ownership class within the state (+19.8%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 8 reporting utilities.

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 - below the national residential norm, implying a typical annual bill near $1,701.

Within Maine the median reporting utility sells about 8,063 kWh per customer, so Versant Power customers use -24.9% against their own state's middle. Consumption this light usually tracks denser housing, gas heating or a milder service territory, which softens the bill impact of a high per-kWh price.

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.

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

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, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

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, why energy prices vary and understanding rate structures.

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