Bangor and Presque Isle, ME – Starting July 1, all Versant Power customers will see changes on their bills. Bangor Hydro District customers will see changes to stranded cost, distribution, conservation, and Public Policy Charge rates and customers in the Maine Public District will see changes to their stranded cost, distribution, transmission, and conservation and Public Policy Charge rates. Based on calculations from recently approved rates, residential customers in the Bangor Hydro District and Maine Public District will see the following increases on their bills: • A residential customer in the Bangor Hydro District using 500 kilowatt-hours per month and paying $153.96 for delivery and standard offer supply will now pay $154.27, a 31-cent increase. If that customer uses 750 kilowatt-hours per month, they will see a $1.47 increase, and if they use 1,000 kilowatt-hours per month, they will see an increase of $2.62 per month. • A residential customer in the Maine Public District using 500 kilowatt-hours per month and paying $145.37 for delivery and standard offer supply will now pay $148.17, a $2.80 increase. If that customer uses 750 kilowatt-hours per month, they will see a $4.53 increase, and if they use 1,000 kilowatt-hours per month, they will see an increase of $6.26 per month. The graphs below show the breakdown of the five components of a bill for an average residential customer using 500 kilowatt-hours of electricity per month. The green component represents electricity supply, which Versant Power does not profit from. That amount is paid directly to generators for producing power. 
*Both graphs represent the average residential customer using
500 kilowatt-hours of electricity per month
Customers
in the Maine Public District will see an increase in transmission rates, which
are regulated by the Federal Energy Regulatory Commission (FERC). Customers in
both districts will see slight increases to the conservation and distribution
rate. An increase in the conservation rate is due to a higher funding level
assessed for the Efficiency Maine Trust, the state entity that works with Maine
customers on energy efficiency and conservation projects. The small
distribution increase represents a calculation based on an annual adjustment
mechanism. Stranded
Costs are a volumetric charge and include all remaining costs from electric
industry restructuring in 2000, including power purchase agreements, Maine
Yankee, and other costs. The Public Policy Charge is a fixed charge that
recovers certain costs of programs required by state policy, including the net
energy billing program, low-income assistance programs, and more recent
long-term power purchase agreements. Versant Power does not own, control or
profit from these programs and passes through to customers the amount the state
requires to fund them. 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 165,000 residential, commercial and industrial customers across 10,400 square miles in northern and eastern Maine.New
rates for all customers will be posted at versantpower.com as of July 1, 2025.
Customers with questions about bill changes are encouraged to call the Versant
Power Customer Contact Center at 207-973-2000. | 
