Is Central Maine Power Co cheaper than Versant Power?

Yes — in 2024 Central Maine Power Co customers averaged 23.43 cents/kWh versus 28.08 for Versant Power (EIA-861). Central Maine Power Co was cheaper by 4.65 cents, about $502 per year at 10,800 kWh.

Can I switch from Versant Power to Central Maine Power Co?

No — distribution territories are exclusive and set by address; you cannot pick between the two wires companies. Maine does allow supply choice: either utility's customers can shop the supply portion at maine.gov/mpuc if an offer beats the utility's price to compare.

Why is Versant Power more expensive than Central Maine Power Co?

EIA-861 averages reflect everything customers actually paid — supply costs, delivery rates, riders, and surcharges across each territory. Differences in generation mix, grid investment, storm costs, and customer density between Versant Power and Central Maine Power territory all feed the 4.65-cent gap.

Central Maine Power Co vs Versant Power: Which Is Cheaper? (Maine, 2024)

Central Maine Power Co customers paid less: an average 23.43¢/kWh in 2024 versus 28.08¢/kWh at Versant Power (EIA-861) — a gap of 4.65¢/kWh, worth about $502 per year at typical usage (10,800 kWh/yr). Their territories meet in 4 ME counties (Hancock, Penobscot, Piscataquis, …). You cannot switch wires companies — the territory is set by your address, though in Maine both utilities' customers can shop the supply portion of the bill.

Side by side (ME, EIA-861)

Central Maine Power Co vs Versant Power — residential averages from federal EIA-861 filings
Metric	Central Maine Power Co	Versant Power
2024 average price, ¢/kWh	23.43	28.08
2023 average price, ¢/kWh	27.45	29.09
Annual cost at 10,800 kWh, $/yr	$2,531	$3,033
Residential customers (2024)	519,295	130,632
Ownership	Investor-owned	Investor-owned
Counties served in ME	14	6

Average price = residential revenue ÷ sales (bundled service): the all-in price customers actually paid, including supply, delivery and riders. Profiles: Central Maine Power Co · Versant Power · Maine overview.

Where the territories meet

Both utilities file EIA-861 service territory in: Hancock · Penobscot · Piscataquis · Waldo counties (ME, 2024).

Adjoining or overlapping territory in a county does not mean households there can pick between the two — service maps are parcel-level and fixed. The county overlap mainly matters when choosing where to live or comparing town-level costs.

Can you actually choose between them?

No — not for delivery. Distribution territories are exclusive and set by address; Central Maine Power Co and Versant Power do not compete for the same meters. Maine does have retail supply choice: customers of either utility may buy the supply portion from a licensed third-party supplier, or stay on the utility's default supply rate. An offer only saves money if it beats your utility's price to compare (printed on the bill); compare offers at maine.gov/mpuc. The price gap above mainly matters when choosing where to live, comparing towns, or benchmarking your bill.

Questions people ask

Is Central Maine Power Co cheaper than Versant Power?: Yes — in 2024 Central Maine Power Co customers averaged 23.43 cents/kWh versus 28.08 for Versant Power (EIA-861). Central Maine Power Co was cheaper by 4.65 cents, about $502 per year at 10,800 kWh.
Can I switch from Versant Power to Central Maine Power Co?: No — distribution territories are exclusive and set by address; you cannot pick between the two wires companies. Maine does allow supply choice: either utility's customers can shop the supply portion at maine.gov/mpuc if an offer beats the utility's price to compare.
Why is Versant Power more expensive than Central Maine Power Co?: EIA-861 averages reflect everything customers actually paid — supply costs, delivery rates, riders, and surcharges across each territory. Differences in generation mix, grid investment, storm costs, and customer density between Versant Power and Central Maine Power territory all feed the 4.65-cent gap.

About these numbers. Rates shown are averages computed from federal regulatory filings (EIA Form 861) and public tariff databases — confirm with your utility before making decisions; your actual rate depends on your tariff, usage, and riders. Distribution utility is determined by address and generally cannot be chosen; in retail-choice states you may choose your supplier for the supply portion of the bill. Savings figures use 10,800 kWh/yr (US average residential usage) and are estimates, not quotes. EnergySavings is an independent data project by CertiHomes and is not affiliated with any utility, supplier, or government agency.