How Versant Power compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs Versant Power, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Eastern Maine Electric Coop | 17.06 | 10,803 | -11.03 | -$1,191 |
| Central Maine Power Co | 23.43 | 519,295 | -4.65 | -$502 |
| Versant Power (this page) | 28.08 | 130,632 | — | — |
2 bundled utilities (≥5,000 customers) share at least one county with Versant Power. Positive $/yr = that utility's customers pay more than Versant Power customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, while the supply portion is separately shoppable in Maine (see below).
Where Versant Power customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | Versant Power premium, $/yr |
|---|---|---|---|
| Aroostook | Houlton Water Company | 11.95 | +$1,742 |
| Penobscot | Eastern Maine Electric Coop | 17.06 | +$1,191 |
| Washington | Eastern Maine Electric Coop | 17.06 | +$1,191 |
| Hancock | Central Maine Power Co | 23.43 | +$502 |
| Piscataquis | Central Maine Power Co | 23.43 | +$502 |
| Waldo | Central Maine Power Co | 23.43 | +$502 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies. In Maine you can shop the supply portion regardless of county.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 29.09 | 28.08 | -3.5% |
| Residential customers | 130,405 | 130,632 | +0.2% |
Ownership: Investor Owned. Including delivery-only/third-party-supply accounts, Versant Power serves 137,906 residential customers in ME. Statewide context: Maine electricity rates.
Supply vs delivery on a Versant Power bill
Maine has residential electric supply choice: Versant Power delivers the power and bills a default supply rate, but you may buy the supply portion from a licensed competitor instead. Compare offers against the price to compare on the state's official shopping site: maine.gov/mpuc.
Electric choice (CMP/Versant; PUC-set standard offer is the default/price-to-compare). No residential gas choice.
Counties served (ME, EIA-861 2024)
Aroostook · Hancock · Penobscot · Piscataquis · Waldo · Washington
Head-to-head comparisons
Questions people ask
- Is Versant Power more expensive than other Maine utilities?
- Versant Power customers paid an average 28.08 cents/kWh in 2024 — 17% above the Maine volume-weighted average of 24.05 cents (EIA-861, bundled residential service).
- Can I switch away from Versant Power?
- You cannot switch the wires company — distribution territory is fixed by address. Maine does allow supply choice, so you can buy the supply portion of the bill from a licensed competitor via maine.gov/mpuc if its offer beats the price to compare.
- How many customers does Versant Power have?
- 130,632 residential customers in Maine in 2024 across 6 counties, per its EIA-861 federal filing. Ownership type: investor-owned.