NewInsight: Investor-owned utilities charge 23% more for power

Versant Power electricity rates

What homes pay Versant Power for electricity, from EIA.

Investor-owned utility, 133,343 homes in Maine. EIA lists it as Versant Power.

Headlines

Average price
32.9¢ a kWh
Up 12% on a year ago
Average bill
$157 a month
Up 7.0% on a year ago
Average use
476 kWh
A month. Maine 528 kWh
Price rank in Maine
1 of 3
1 is the most expensive

Over the 12 months to August 2026, Versant Power homes paid 32.9¢ a kWh, against 29.6¢ across Maine.

Versant Power vs Maine

Versant PowerMaine
Average price, 12 months to August 202632.9¢29.6¢
Price in August 202634.1¢32.1¢
Average monthly bill, 12 months$157$156
Bill in August 2026$157$157
Average monthly use476 kWh528 kWh
Price change, past year+12%+9.7%
Price change since 2019+71%+65%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026