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Maryland Electricity Rates
Table of Contents
Why Switch Providers?
Average Maryland Electricity Costs
In 2022, the most recent average electricity price in Maryland is 15.56¢ per kWh. The average home in Maryland uses 957 kWh of electricity per month and the average residential Maryland electricity bill is $124.50 a month.
How Does Maryland Compare Nationally?
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15.56¢ Average Rate per/kWh 16th Highest Nationally -
957 kWh Average Usage per/mo 22nd Highest Nationally -
$124.50 Average Cost per/mo 15th Highest Nationally
If you live in Maryland, you benefit from Energy Choice. This means that you can shop Maryland electricity rates and switch providers. Comparing rates is free and locking in a low fixed rate could mean big savings on your electricity bill.
Keep reading to learn more about the advantages of Maryland Energy Choice and get the best rates in your area.
Shop Maryland Electricity Rates
Energy Choice History in Maryland
Before energy deregulation in Maryland, the local energy utility handled all generation, transmission and distribution. Because of the lack of competition, local utilities had a monopoly on the industry and were able to set energy rates as high as they liked.
In 1999, the Maryland General Assembly passed the Electric Customer Choice and Competition Act. Deregulation separates the supply of energy from its distribution, giving customers the ability to choose their electricity provider.
Maryland residents still receive their electric supply from their local utility by default. However, now they have many more providers and options to choose from. The local utility company still provides power distribution, as they did in the past and continue to do today.
The Maryland Public Service Commission monitors and regulates all public utilities in the state of Maryland.
How to Compare Maryland Electricity Rates
Comparing and switching electricity rates is simple through ElectricityRates.com’s Rate Comparison Tool. All you have to do is follow a simple three-step process:
- Enter your ZIP Code – This will pull up all electricity providers and their available rates in your area.
- Compare providers and plans – Compare electric company rates, plan length, renewable options and more to find the right plan for you.
- Switch providers – After finding the right plan, select it, fill out the necessary information, and switch to the Maryland electricity provider with the best plan for you.
After this, your new provider takes care of the rest. Your new plan will take over in one to two months, all while your local utility company provides the same great distribution service.
Make The Switch In Minutes
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Shop electricity rates from leading providers and make the switch today.
Electricity Plans Available in Maryland
There are several different types of electricity plans available to Maryland residents.
Fixed-Rate Electricity Plans
A fixed-rate electricity plan locks your rate at the advertised price for the duration of the plan. Fixed-rate plans can often save you more money than variable-rate plans. That’s because variable-rate plans are subject to unexpected rate hikes and don’t guarantee a maximum rate. With a fixed-rate plan, you know what you are paying for your electricity supply each month.
To help you save money and save you from those unexpected rate hikes, ElectricityRates.com primarily offers fixed-rate electricity plans.
Electricity Plans With Incentives
Electricity plans that come with incentives may include smart-home devices or other benefits included with the plan. Constellation, for example, bundles its Connect Energy Package with some electricity plans.
ElectricityRates.com lists types of incentives in the “plan details” section under any electricity plan. These plans also usually come with a predictable fixed-rate.
Variable-Rate Electricity Plans
A variable-rate electricity plan changes rates periodically based on market conditions.
Flexibility is the key advantage of a variable-rate plan. Usually, there are no cancellation fees. If you are not living in one place for very long, it may be beneficial to have a variable rate, so you don’t have to worry about a cancellation fee. However, variable-rate plans will often cost you more in the long run.
Maryland’s Renewable Energy Future
50% of Maryland’s energy will come from renewable sources by 2030 in accordance with a law passed in 2019. The state will join seven others with green energy production goals of 50% or higher. Several Maryland utilities have additional initiatives to push energy-tech forward and focus on a sustainable future.
You don’t have to wait to support green energy. You can sign up for a 100% renewable energy plan in Maryland today. The electricity that comes to your home is the same, however, your energy usage is offset with renewable energy credits purchased by your supplier. These credits ensure that more renewable energy enters the grid.
Reading Your Maryland Electricity Bill
There are two portions of your Maryland electricity bill, utility delivery charges, and supply charges:
Utility Delivery Charges
These charges ensure the reliable delivery of your electricity. They mainly go to your utility provider. The Maryland Public Service Commission determines these charges and they don’t change no matter who your electricity provider is.
Energy Supply Charges
Energy supply charges, sometimes called generation charges, pay for the actual electricity you use. These are the charges that will change when you switch electricity providers. When comparing electricity rates, you want to use the energy supply rate located on your bill to find out how much you’ll save. It is a charge by the kilowatt-hour (kWh) for your energy supply.
If you currently get your energy supply from your local utility, your supply charge is known as the “price to compare” This can also be found in the ElectricityRates.com Marketplace.
Utility Companies in Maryland
Your Maryland utility company is responsible for the reliable delivery and transmission of energy to your home. They are also who you call when the power goes out, or if there is an electricity or natural gas emergency. Here is a list of
Finding The Best Maryland Electricity Provider
There are a large number of licensed electricity providers in Maryland. These range from small local companies to larger national providers like Constellation, Direct Energy and Spark Energy.
On ElectricityRates.com, you’ll only find great rates from leading electricity providers so you don’t have to worry about making the wrong choice. Learn more about Maryland electricity providers here.
Ambit Energy
- Energy Options
- Service Areas CT, IL, MA, MD, NJ, NY, OH, PA, TX
Provider Bio
Headquartered in Dallas, Texas, Ambit Energy provides electricity and natural gas to customers in 17 areas of the United States with deregulated energy markets. Ambit operates in California, Connecticut, Delaware, Illinois, Indiana, Maryland, Massachusetts, Maine, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, Virginia, and Washington, D.C.
APG&E
- Provider Score™ 4.08 / 5
- Energy Options
- Service Areas MD, NJ, NY, OH, PA, TX
Provider Bio
APG&E was founded in 2004 in Texas and now serves homes and business across the U.S. They provide simple, easy to understand, and transparent product solutions to fit everyone's needs. They strive to help customers make informed choices, and deliver the affordable energy solutions and excellent customer experience.
Champion Energy
- Provider Score™ 4.44 / 5
- Energy Options
- Service Areas CT, IL, MA, MD, NJ, NY, OH, PA, TX
Provider Bio
Champion Energy is a retail electricity provider serving hundreds of thousands of residents and businesses, primarily in Texas. As a subsidiary of Calpine, one of the largest natural gas and geothermal electricity generators, this provider brings a solid selection of affordable energy solutions to the retail electricity market.
Clearview Energy
- Provider Score™ 4.48 / 5
- Energy Options
- Service Areas DC, IL, MD, NJ, NY, OH, PA, RI
Provider Bio
Serving 8 states and the District of Columbia, Clearview Energy offers competitive energy plans and world-class customer service while supporting sustainability efforts, like the Shaw Institute and the Scripps Polar Center. Because we care about our customers - today and for generations to come.
Constellation
- Provider Score™ 4.82 / 5
- Energy Options
- Service Areas CT, DC, GA, IL, MA, MD, NJ, NY, OH, PA, TX
Provider Bio
Constellation is the nation's leading provider of carbon-free energy with a commitment to be 100% carbon-free by 2040. They serve over 2.5 million residential and business customers across the United States.
Direct Energy
- Provider Score™ 4.64 / 5
- Energy Options
- Service Areas CT, DC, IL, MA, MD, NH, NJ, NY, OH, PA, TX
Provider Bio
Serving nearly 4 million residential customers, Direct Energy is one of the largest electricity, natural gas and home services providers in North America. They are also one of the largest commercial and industrial electricity with over 240,000 business electricity customers.
Energy Harbor
- Provider Score™ 4.39 / 5
- Energy Options
- Service Areas IL, MD, OH, PA
Provider Bio
Energy Harbor is a retail energy provider specializing in providing clean, carbon-free energy for residents and businesses. They’re headquartered in Akron, Ohio and serve nearly one-million customers across Ohio, West Virginia and Pennsylvania. Safety, reliability and sustainability are outlined as Energy Harbor’s core values.
Energy Plus
- Energy Options
- Service Areas CT, IL, MA, MD, NJ, NY, OH, PA
Provider Bio
Based out of Philadelphia, Energy Plus is one of the fastest-growing electricity providers in the country. The company started only recently and has already grown to serve almost all of the states that have implemented electricity deregulation, starting with New York, but expanding to include much of the Northeast, Illinois, and Texas.
Green Mountain Energy
- Provider Score™ 4.19 / 5
- Energy Options
- Service Areas IL, MA, MD, NJ, NY, PA, TX
Provider Bio
Green Mountain Energy is the oldest renewable retail electricity provider. Since its founding in 1997, Green Mountain Energy has expanded into seven electricity markets, with its customers avoiding nearly 100 billion pounds of carbon emissions through its renewable energy plans and services.
Inspire Clean Energy
- Provider Score™ 4.13 / 5
- Energy Options
- Service Areas DC, IL, MA, MD, NJ, NY, OH, PA
Provider Bio
Inspire Clean Energy is on a mission to transform the way people access clean energy in order to combat climate change and accelerate a net-zero carbon future.
Just Energy
- Energy Options
- Service Areas GA, IL, MA, MD, MI, NJ, NY, OH, PA, TX
Provider Bio
Founded in 1997, Just Energy is a publicly traded company with offices located across the United States, Canada and now the United Kingdom. Just Energy serves over 1.1 million residential and commercial customers through a wide range of energy programs and home comfort services.
Major Energy
- Provider Score™ 3.24 / 5
- Energy Options
- Service Areas CT, DC, IL, MA, MD, NJ, NY, OH, PA
Provider Bio
Major Energy is an electricity company based out of Houston that serves deregulated electricity and natural gas markets throughout the Northeast and Midwest. Major Energy offers multiple fixed-rate electricity plans, and also provides the ability to manage your account online.
Public Power
- Provider Score™ 4.29 / 5
- Energy Options
- Service Areas CT, DC, IL, MA, MD, NY, OH, PA, RI
Provider Bio
Public Power is a retail energy provider that serves states throughout the Northeast and Midwest. Since 2008, they have served over one million homes and businesses. They pride themselves on offering competitive, and straight-forward energy plans with hassle-free customer service.
SmartEnergy
- Provider Score™ 3.43 / 5
- Energy Options
- Service Areas DC, IL, MA, MD, NH, NJ, OH, PA, RI
Provider Bio
SmartEnergy is proud to offer 100% green energy. It's their mission to prove that helping the environment doesn’t have to come at the expense of your wallet. They promise social responsibility while providing uncompromisable service to their customers.
Stream Energy
- Energy Options
- Service Areas MD, NJ, NY, PA, TX
Provider Bio
Founded in 2012, 4Change Energy is a steward in their local Texas community and offers simple, affordable electricity plans. Their mission supports several charities including American Red Cross, the American Cancer Society, Feeding Texas, and Heroes for Children.
Tomorrow Energy
- Provider Score™ 4.25 / 5
- Energy Options
- Service Areas MD, NJ, OH, PA, TX
Provider Bio
Tomorrow Energy is a retail electricity and natural gas supplier with a mission of creating a positive impact in the world by giving customers more clean Energy Choices. Their electricity plans are backed by 100% National Wind Renewable Energy Certificates. All natural gas plans are backed by 100% carbon offsets.
Business and Commercial Electricity Rates in Maryland
Take a strategic approach to energy management for your business in Maryland and save big with customized rates, energy bill optimization, and more.
To find out how much your Maryland business can save, complete the quote request form on our business electricity rates page.
Once your information is received, our savings advisers will take care of the rest. Our advisers work with a variety of electricity providers to negotiate the best possible price for your business electricity with no obligation to you.
Ready to compare Maryland electricity rates? Find the Rate Comparison Tool at the top of the page and enter your ZIP Code.
Maryland Electricity Rates FAQs
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On average, residents in Maryland pay 13.01¢ per kilowatt-hour for electricity. This is the 17th highest average electricity rate in the US.
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Energy Choice gives Maryland residents the opportunity to choose their energy provider and take advantage of competing offers. When you switch providers, your utility still delivers energy to your home and sends your monthly bill. The only thing that changes is your new supply rate for electricity or natural gas.
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The breakdown for Maryland electricity generation by source: Nuclear: 37.8%, Natural Gas: 37.4%, Coal: 14.4%, Hydroelectric: 5.6%.
The rest is made up of small percentages of wind, solar, biomass and other sources. -
You can find your current electricity supply rate (aka “generation rate”) on your electricity bill. It is a charge by the kilowatt-hour. If your utility company supplies your energy, you can use the “Price to Compare.” This is also found on your electricity bill.
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Your utility is the entity that brings electricity to your home, while your electricity provider supplies the energy you use. In Maryland, your utility company can also be your electricity provider. In Energy Choice states, customers have the option to choose a different electricity provider.