Electric Consumer

Editor: Katerine G., Editor & Data Researcher · Research & publishing: Electric Consumer Editorial Team · Data retrieved · Sources named on this page: EIA-861, EIA retail sales · How we got these numbers · Report an error

Versant Power in Maine: 27.50 ¢ home rates in 2024, SAIDI and solar

Roughly 165,560 Maine accounts belong to Versant Power, classed by EIA as investor owned; the residential count is 137,906. Its SAIDI of 478 minutes is 4.81 times the national median reporter (99).

Versant Power: 503 kWh a month costs roughly $138 in energy at 27.50 ¢/kWh, +13.2% on the Maine average of 24.29 ¢.

Its SAIDI of 478 minutes is 4.81 times the national median reporter (99).

Versant Power: outage minutes

SAIDI against national median
4.81x478 minutes against 99

Reliability is the sharpest contrast for Versant Power: 478 minutes a year without power per customer, 4.81 times the national median of 99. Among 2 Maine utilities that report SAIDI it ranks 2 (1 = fewest minutes); the Maine median is 478.

SAIFI adds the frequency view: 3.10 interruptions a customer a year, 3.06 times the national median (1.01), with 154 minutes per interruption.

How it compares

Versant Power
Versant Power, 2024HomeBusinessBillSAIDI
Versant Power27.50 ¢/kWh18.52 ¢/kWh$138at 503 kWh478 minSAIDI
Maine average against this company, which is 2 of 2 on price-3.21 ¢/kWhcompany 13.2% above-0.30 ¢/kWhcompany 1.6% above-$16a month at 503 kWh+0 mincompany 0 below
Central Maine Power CoLowest in this table22.37 ¢/kWhcompany 22.9% above11.19 ¢/kWhcompany 65.5% above$112$26 less than company215 mincompany 263 above

Compare 5 Maine companies

Versant Power: 2025

Versant Power: +8.1% on 2024 for homes, Maine +14.0%.

Versant Power home price, 2025
29.73 ¢/kWh+8.1% on 2024, early release
Versant Power SAIDI, 2025
223 min-53% on 2024, early release
Versant Power against Maine, 2025
-5.9 pointsVersant Power +8.1%, Maine +14.0%, price in Maine 27.69 ¢

Versant Power: 29.73 ¢/kWh in the 2025 early release, +8.1% from 27.50 ¢; Maine as a whole went +14.0%, so Versant Power trailed it by 5.9 points. Its SAIDI is 223 minutes against 478 in 2024.

Carbon context

Versant Power serves 137,906 homes in Maine. At 503 kWh a month that is about 71 kg of CO₂, or 853 kg a year, at the Maine plant rate, state generation and not this utility: Maine generation mix.

Versant Power charts

Residential price since 2015: 27.50 ¢ in 2024

15.27 ¢ in 2015, 27.50 ¢ in 2024 (+80.1%); Maine 15.61 to 24.29 ¢.

Versant Power residential price 2015-2024, 2015 to 2024: 10 rows
YearVersant PowerGap to Maine residentialGap to U.S. residential
201515.27-0.34+2.62
201617.39+1.56+4.84
201717.17+1.20+4.28
201818.09+1.25+5.22
201918.75+0.86+5.74
202016.99+0.18+3.84
202117.22+0.20+3.56
202222.67+0.23+7.63
202328.34+0.92+12.34
202427.50+3.21+11.02

10 rows from EIA retail sales.

CSV

Versant Power SAIDI, 2015-2024

280 min in 2015, 478 in 2024.

Versant Power SAIDI by year, 2015 to 2024: 10 rows
YearVersant Power, no major events
2015280
2016493
2017368
2018397
2019302
2020319
2021218
2022326
2023303
2024478

10 rows from EIA-861 survey.

CSV

Reliability: SAIDI 478.0 min

478.0 min, 4.81x the median reporter, rank 648 of 673.

min

  • Company, no major events478.0
  • Company, with major events1,206.0

Versant Power, Reliability: EIA-861 survey.

CSV

Analyst note

Versant Power billed homes 15.27 ¢/kWh in 2015 and 27.50 ¢ in 2024, +80.1% in all, and outpaced the Maine average (+55.6%) by 24.4 points. Versant Power's sharpest move came in 2022, +31.7%. The high is 28.34 ¢ (2023) and the low 15.27 ¢ (2015). 2024: -3.0% here, -11.4% for the Maine average. SAIDI at Versant Power (major events excluded) rose from 280 minutes in 2015 to 478 in 2024, +71%; worst year 2016 at 493. Versant Power filed SAIDI under the national median in 0 of 10 years; its 2024 figure was 478 minutes, +379 from that year's median. 2023: 2475 minutes with major events, 303 without, the widest gap of any year. Versant Power has 1 cheaper and 0 higher-priced Maine peers among 2 with 20,000+ homes. Next cheaper, Central Maine Power Co, bills 22.37 ¢ (-5.13).

Both measures lean against customers: 13.2% above the Maine average on price and 4.8x the national median on outage minutes (478).

Home accounts at Versant Power went from 131,930 in 2015 to 137,906 in 2024, +4.5%. Business customers paid 0.67 times the home price in 2024 (18.52 against 27.50 ¢); the ratio was 0.80 in 2015. SAIFI went from 2.34 in 2015 to 3.10 in 2024, between 1.96 and 3.46.

What kind of utility is Versant Power?

Versant Power files with EIA as an investor-owned utility. In Maine, investor-owned utilities serve 98% of residential customers at an average 24.3 cents per kWh. Versant Power itself averaged 28.1 cents, 3.8 cents above its type in Maine.

Maine utilities by type · all states

Shutoffs for nonpayment, 2024

Shutoffs: this utility reported 3,496 disconnections for nonpayment in 2024, 3.2 per 100 accounts (Maine: 5.2; EIA Form EIA-112). All utilities.

Reliability and meters, 2024

In 2024 the average Versant Power customer was without power 478 minutes without major events and 1206 with them. That is 2nd fewest of 3 Maine utilities with 10,000+ customers. The median Maine utility reported 478 minutes. Smart (AMI) meters: 99% of its 28,920 residential meters.

EIA-861 2024, retrieved 2026-10-01. Maine reliability, best and worst utilities, utility report card.

Facts

Customer accounts
165,56019.4% of Maine total
Residential accounts
137,90618.6% of Maine homes
Commercial accounts
27,58216.7% of the base
Residential rate
27.50 ¢/kWh2nd place of 2, +13.2% against the state
Commercial rate
18.52 ¢/kWh4th place of 4, +1.6% against the state
SAIDI, no major events
478.0 minbetter than 4% of reporters
SAIFI, no major events
3.103.06x the median
SAIDI with major events
1206.0 min60.4% from event days
Net-metered capacity
282.3 MW12,785 installations
Counties served
6all in Maine
Average residential use
6,034 kWh/yr503 a month
Implied monthly bill
$138+$55 on the U.S. rate, 503 kWh
Residential rate since 2015
+80.1%15.27 to 27.50 ¢/kWh
SAIDI trend
+71%280 min in 2015, 478 in 2024

Data tables

2024 by sector, Versant Power

Versant Power sectorAccountsRate ¢/kWhGap to Maine ¢/kWh
Residential137,90627.50+3.21
Commercial27,58218.52+0.30

Year by year, Versant Power

YearHome accounts, Versant PowerHome ¢Business ¢RatioSAIDISAIFI
2015131,93015.2712.190.802802.34
2016132,70417.3911.160.644933.46
2017132,58517.1711.270.663682.23
2018133,19218.0911.570.643972.52
2019133,63418.7511.550.623021.96
2020134,52316.9910.820.643192.40
2021135,65717.2211.420.662181.97
2022136,48522.6713.570.603262.46
2023137,46328.3416.460.583032.19
2024137,90627.5018.520.674783.10

Peers of Versant Power in Maine, 2nd place of 2 on home price

Utility near Versant Power on priceSAIDI min, gap to Versant PowerHome ¢, gap to Versant PowerGap % to Versant PowerAccounts, Versant Power = 1
1. Central Maine Power Co-263-5.13-18.7%3.97
2. Versant Power (this utility)47827.50-1.00

Who buys Versant Power's electricity

Class at Versant PowerAccountsOf Versant Power accountsOf Versant Power MWh soldkWh a year per Versant Power account
Residential137,90683.3%42.9%6,034
Commercial27,58216.7%37.7%26,493
Industrial and other720.04%19.3%5,203,222

Versant Power: meters, rate options and solar

MeasureVersant PowerMaine contextVersant Power detail
Versant Power home meters on AMI99.4%Maine 97.6%28,757 of 28,920 meters
Home meters, AMR (drive-by read)102Maine figure not published0.4% of meters
Time-of-use rate for Versant Power homesNot on file1 of 6 Maine utilities offer oneno dynamic-pricing count filed by Versant Power
Net-metered installations12,78517% residential16.1 homes per 1,000 accounts, 22.1 kW average

Monthly energy cost by use, Versant Power

kWhShare of a 503 kWh monthCost a month at 27.50 ¢vs U.S.Cost a year
25050%$68.75+$27.55$825
50099%$137.51+$55.11$1,650
750149%$206.26+$82.66$2,475
1,000199%$275.01+$110.21$3,300
1,500298%$412.52+$165.32$4,950
2,000398%$550.02+$220.42$6,600

Outage record, Versant Power

Measure, Versant PowerNo eventsAll eventsConverted
SAIDI minutes478.01206.07.97 h
SAIFI interruptions3.1014.3790.32 yr apart
CAIDI minutes154.1275.42.57 h

Territory of Versant Power

6 Maine counties, region NPCC:

Counties served by Versant PowerAroostookHancockWashingtonWaldoPiscataquisPenobscot

Maine other states: 6 of 6 counties of Versant Power drawn

Versant Power: 6 counties listed by EIA-861, Census 2023 outlines.

CSV
County list
  • Aroostook
  • Hancock
  • Penobscot
  • Piscataquis
  • Waldo
  • Washington

Questions on Versant Power

How big is Versant Power in Maine, by customer accounts?

165,560 accounts in 2024: residential 137,906, commercial 27,582, industrial 72.

How many cents per kWh does Versant Power charge homes?

In 2024 homes paid 27.50 cents; against the Maine average that is +13.2%.

What are the SAIDI and SAIFI of Versant Power?

SAIDI 478.0 min and SAIFI 3.10 a year, major events excluded; ratio to the national median 4.81, CAIDI 154 min.

How many net-metered systems connect to Versant Power?

12,785 installations with 282.3 MW, of which residential installations number 2,218.

What would a typical Versant Power home pay each month?

503 kWh at 27.50 cents comes to about $138, energy only.

Is Versant Power cheaper than other Maine utilities?

Rank 2 of 2 in Maine on price, +13.2% against the state average; 1 charge less than 27.50 ¢.

What share of Versant Power sales do homes buy?

Homes take 42.9% of 1,937,487 MWh, commercial accounts 37.7%, industrial and other 19.3%; the 27,582 commercial accounts use 26,493 kWh each, 4.4 times a home.

At Versant Power, are smart meters in homes, with a TOU option?

28,757 of 28,920 home meters are AMI, 99.4%. Versant Power reports no home time-of-use rate; 1 of 6 Maine filers do.

Has Versant Power moved up the Maine price list since 2015?

2nd cheapest of 2 in 2015, 2nd of 2 in 2024; its price rose 80.1% while Maine rose 55.6%.

Did Versant Power cut or raise its 2025 home price?

29.73 cents per kWh, +8.1% on the 27.50 of 2024 (EIA early release for 2025).

Utilities with a similar home price

Home prices nearest to Versant Power at 27.50 ¢/kWh in 2024, among companies with a page here, any state.

More on Versant Power

Rate plans on file

10 home plan records, energy charges: 3.8 to 42.0 ¢/kWh.

Who offers time-of-use and tiered rates (17 Apr 2026 snapshot).

Primary sources for Versant Power in Maine: 27.50 ¢ home rates in 2024, SAIDI and solar

Share this page

Versant Power: 503 kWh a month costs roughly $138 in energy at 27.50 ¢/kWh, +13.2% on the Maine average of 24.29 ¢.

Cite this page

Underlying data are U.S. government works (EIA, Census Bureau). Our tables and charts: CC BY 4.0, credit Electric Consumer. The access date fills in when you open this page.

APA

Electric Consumer. (2026). Versant Power outage record: 29.73 ¢/kWh in 2025, SAIDI 478 min in 2024. Data as of 26 October 2026. Retrieved 26 October 2026, from https://electricconsumer.org/companies/versant-power.html

MLA

Electric Consumer. “Versant Power outage record: 29.73 ¢/kWh in 2025, SAIDI 478 min in 2024.” Electric Consumer, data as of 26 October 2026, https://electricconsumer.org/companies/versant-power.html. Accessed 26 October 2026.

Chicago

Electric Consumer. “Versant Power outage record: 29.73 ¢/kWh in 2025, SAIDI 478 min in 2024.” Data as of 26 October 2026. Accessed 26 October 2026. https://electricconsumer.org/companies/versant-power.html.

BibTeX

@misc{usedata_companies_versant_power,
  author = "Electric Consumer",
  title = {Versant Power outage record: 29.73 ¢/kWh in 2025, SAIDI 478 min in 2024},
  year = {2026},
  url = {https://electricconsumer.org/companies/versant-power.html},
  note = {Data as of 26 October 2026. Accessed 26 October 2026}
}
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