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Versant Power residential customers to see lower bills in July

Bangor and Presque Isle, ME – Starting July 1, all Versant Power residential customers will see a decrease in their total bills. The change is due to lower distribution and conservation rate charges in both the Bangor Hydro District and Maine Public District.

Based on calculations from recently approved rates, residential customers in the Bangor Hydro District and Maine Public District will see the following decreases in their bills:

• A residential customer in the Bangor Hydro District using 500 kilowatt-hours per month and paying $168.33 for delivery and standard offer supply will now pay $162.63, a $5.70 decrease. If that customer uses 750 kilowatt-hours per month, they will see a $8.53 decrease, and if they use 1,000 kilowatt-hours per month, they will see a decrease of $11.38 per month.

• A residential customer in the Maine Public District using 500 kilowatt-hours per month and paying $161.51 for delivery and standard offer supply will now pay $159.74, a $1.77 decrease. If that customer uses 750 kilowatt-hours per month, they will see a $2.65 decrease, and if they use 1,000 kilowatt-hours per month, they will see a decrease of $3.53 per month.

The graphs below show the breakdown of the six components of a bill for an average residential customer using 500 kilowatt-hours of electricity per month on the standard offer supply rate. Versant Power is responsible for the distribution and transmission rates on your bill, shown in blue on the charts. The remaining four rates—conservation, public policy, stranded costs, and standard offer supply—are included on your bill as pass-through charges to other entities, and Versant Power does not control these rates or profit from them.

Bangor Hydro District rate changes represented in a graph:

 

Maine Public District rate changes represented in a graph:

*Both graphs show the average monthly bill amount for delivery and standard offer supply for a customer using 500 kilowatt-hours of electricity per month.

The distribution rate decrease represents a lower calculation based on an annual adjustment mechanism. A decrease in the conservation rate is due to a lower funding level assessed for the Efficiency Maine Trust, the state entity that works with Maine customers on energy efficiency and conservation projects. Customers in the Maine Public District will see an increase in transmission rates, which are regulated by the Federal Energy Regulatory Commission (FERC). The transmission rate increase for Maine Public District residential customers is offset by decreases in the distribution and conservation rates on the bill.

New rates for all customers will be posted at versantpower.com as of July 1, 2026. Customers with questions about bill changes are encouraged to call the Versant Power Customer Contact Center at 207-973-2000. 

 

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.