Versant Power customers to see rate changes
Monday, June 28, 2021
Bangor and Presque Isle, Maine — Starting July 1, Versant Power customers will see changes in electricity delivery rates. Versant Power’s rates are based on the cost to provide safe, reliable service throughout northern and eastern Maine, and we’re continually working to improve reliability and customer service in a cost-effective way.
A typical residential customer in the Bangor Hydro District using 500 kilowatt-hours per month and paying $84.93 for delivery and Standard Offer supply will now pay $86.16, a $1.23 increase. A typical residential customer in the Maine Public District using 500 kilowatt-hours per month and paying $76.27 for delivery and Standard Offer supply will now pay $73.94, a $2.33 decrease.
Customers will see changes to three of five rates on their bills: transmission, stranded costs and conservation. Versant Power’s distribution rates will not change at this time. The Maine Public Utilities Commission is evaluating the company’s request for a distribution rate increase to continue to improve our systems and invest in our people in northern and eastern Maine. If approved, new distribution rates would go into effect no sooner than October 2021.
All customers will see a decrease in conservation rates, driven by a lower funding level assessed for the Efficiency Maine Trust, the state entity that works with Maine customers on energy efficiency and conservation projects. Transmission rates in the Bangor Hydro District will increase slightly – equivalent to 1 cent per month for a residential customer – while the Maine Public District sees a decrease.
New rates for all customers will be posted at versantpower.com as of July 1, 2021. Customers with questions about bill changes are encouraged to call the Versant Power Customer Contact Center at 207-973-2000.
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Versant Power is committed to delivering safe, reliable electric service. As the state's second-largest electric utility, the company delivers electricity to more than 159,000 residential, commercial and industrial customers across 10,400 square miles in five counties in eastern and northern Maine.