The effective potential of scalar quantum electrodynamics with N flavo
rs of complex scalar fields is studied, by performing a self-consisten
t 1/N expansion up to next to leading order in 1/N. Starting from the
broken phase at zero temperature, the theory exhibits a phase transiti
on to the symmetric phase at some finite temperature T(c). We work in
general covariant gauges and demonstrate the gauge invariance of both,
the critical temperature T(c) and the minimization condition at any f
inite temperature T. Furthermore, the only minimum of the potential is
at zero scalar vacuum expectation value for any temperature T greater
-than-or-equal-to T(c) and varies continuously to nonzero values for t
emperatures below T(c), implying the existence of a second-order phase
transition.