Customers in Bangor Hydro District to see transmission rate change
Monday, December 27, 2021
Starting January 1, residential customers in Versant Power's Bangor Hydro District will see an increase of about 56 cents to their electricity bills from an increase in the transmission rate, one of five rates on their bills. The rate change reflects the costs needed to continue to invest in improvements to our system that increase its safety and reliability.
Bangor Hydro District customers usually see this transmission rate change each July. Transmission rates are regulated by the Federal Energy Regulatory Commission (FERC) and updated annually based on a pre-set formula. The transition to a January 1 transmission rate change was determined by FERC based on input from key stakeholders.
Commercial customers in the Bangor Hydro District will see an increase in their transmission rate dependent on their rate class and should review the rate changes on versantpower.com on January 1, 2022 or contact our Customer Contact Center at 207.973.2000 for more information. Customers in Versant's Maine Public District will not see changes at this time