Versant Power electricity rates
Versant Power charges an average of 28.53 cents per kilowatt-hour to residential customers, and the average household on its system paid $144 a month using 505 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Investor-owned utility ISNE Maine
Where Versant Power sits
It serves 101,697 residential customers in Maine. At 28.53¢ per kilowatt-hour it tracks the Maine average of 28.63¢ closely, which is what you would expect from a utility large enough to shape that average itself.
Its customers use very little electricity by national standards, 505 kilowatt-hours a month against 871 nationally. Dense housing, a mild climate or heating that runs on gas rather than electricity all push consumption down, and any of them can leave a household with a modest bill despite a high rate.
A shareholder-owned company whose rates are set by the state regulator, including an approved return on the capital it has invested. That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.
| Rate | Monthly bill | Monthly kWh | |
|---|---|---|---|
| Versant Power | 28.53¢ | $144 | 505 |
| Maine average | 28.63¢ | $155 | 537 |
| United States average | 18.44¢ | $155 | 871 |
Utility figures: U.S. Energy Information Administration, Form EIA-861 annual electric power industry report, 2024. State and national figures: Electric Power Monthly, May 2026. Methodology
Where Versant Power delivers
Its service territory covers 6 Maine counties, either wholly or in part. Utility boundaries follow historic franchise agreements rather than county lines, so a county appearing here does not mean every address in it is served by Versant Power.
- Aroostook
- Hancock
- Penobscot
- Piscataquis
- Waldo
- Washington
How often the power goes out
In 2024 the average Versant Power customer went 1,206 minutes without electricity across 4.38 interruptions. The median across the 941 utilities that report this is 185 minutes.
That is far worse than typical, and figures at this level almost always reflect a major storm season rather than everyday performance. A single hurricane or ice storm can dominate the annual number.
Rooftop solar on this system
1,961 residential customers had net-metered solar in 2024, totalling 14.11 megawatts. That works out to 19.3 installations per thousand customers, against a median of 8 across the utilities reporting it.
Adoption is above the national median, which generally tracks the retail rate more closely than it tracks sunshine. What exports are actually worth.
Other Maine utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Central Maine Power Co | 23.43¢ | $131 | 519,295 |
| Eastern Maine Electric Coop | 17.06¢ | $86 | 10,803 |
| Houlton Water Company | 11.95¢ | $88 | 3,907 |
| Town of Madison | 15.16¢ | $102 | 2,413 |
Versant Power rates: common questions
How much does Versant Power charge per kilowatt-hour?
An average of 28.53 cents per kilowatt-hour across its residential customers in 2024. That is -0.3% against the Maine average of 28.63¢ and +54.7% against the national average of 18.44¢. It is an all-in average across every residential rate schedule the utility offers, not a specific tariff.
What is the average Versant Power bill?
$144 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 505 kWh a month. The national average bill is $155 at 871 kWh.
Who owns Versant Power?
It is classified by the EIA as a investor-owned utility. A shareholder-owned company whose rates are set by the state regulator, including an approved return on the capital it has invested.
Is Versant Power expensive compared with other Maine utilities?
It ranks #1 of the 5 Maine utilities covered here, counting from the most expensive. Nationally it ranks #25 of 1369.