![Versant Power Customers to See Rate Decrease Beginning in July](https://townsquare.media/site/543/files/2020/09/Vesant-Power.jpg?w=980&q=75)
Versant Power Customers to See Rate Decrease Beginning in July
Versant Power customers will see a slight decrease on their bill starting next month.
After months of extra costly electric bills, Versant Power customers will get a little relief. According to a press release from the utility, "Customers in the Bangor Hydro District will see changes to two of five rates on their bills: stranded costs and conservation. Customers in the Maine Public District will see changes to three of five rates on their bills: transmission, stranded costs and conservation."
A residential customer using 500 kilowatt-hours per month, and paying $119.73 for delivery and Standard Offer supply, will see a $4.94 decrease on their bill.
Versant says, "Customers will see a decrease in stranded cost rates as a result of the Maine Public Utilities Commission’s long-term contracts with renewable energy facilities, which allowed them to procure generation at a lower cost than today’s higher market prices for energy."
Back in November Versant Power announced a 17.5% distribution rate change, which spiked many customers bills.
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Customers with questions about bill changes are encouraged to call the Versant Power Customer Contact Center at 207-973-2000.
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