Versant Power is an electric utility company that operates in the state of Maine, providing electricity to over 160,000 customers across the state. The company is responsible for the transmission and distribution of electricity to homes and businesses in the state, ensuring that customers have access to a reliable supply of power. Versant Power is committed to providing safe and affordable electricity to its customers and invests in modernizing its infrastructure to ensure the delivery of high-quality service. The company also offers a range of energy-saving programs, such as incentives for energy-efficient appliances and lighting, to help customers reduce their energy consumption and save money on their bills.
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Versant Power's energy comes from wind, hydroelectric, natural gas, biomass, and other fossil. Wind is the largest source of electricity, providing 47% of Versant Power's energy. Hydroelectric is the second largest source, making up 27%. Natural Gas provides 22% of Versant Power's electricity. Biomass provides 3% of Versant Power's electricity. Other Fossil provides 1% of Versant Power's electricity.
47%
Wind
27%
Hydroelectric
22%
Natural Gas
3%
Biomass
1%
Other Fossil
The average electricity rate for Versant Power customers is 17.68 cents/kWh. Versant Power has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| HOME ECO RATE (Time-Of-Use) | TOU | 8¢ to 17¢ |
| HOME ECO RATE WITH BONUS METER (Time-of-Use) | TOU | 6¢ to 50¢ |
| RESIDENCE SERVICE RATE | Fixed | 16¢ |
| HOME HEATING ECO RATE | Fixed | 6¢ to 16¢ |
| RESIDENCE WATER HEATING RATE | Fixed | 16¢ |
In 2021, the average Versant Power customer lost electricity for 2 times for about 130 minutes each. In total, the average Versant Power customer had their electricity out for about 306 minutes during the whole year.
Carried forward to the next billing period; granted to utility at end of 12-month billing cycle
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