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
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Average Maryland Electricity Costs
The average electricity price in Maryland is 13.12¢ per kWh which is slightly above the national average of 13.01¢ per kWh. Maryland residents have the 11th highest average electricity bill in the country. This is due to the fact that it ranks in the top 20 for both the highest electricity rate and the highest energy usage in the US resulting in an average electricity bill of $127.92 per month.
Average Rate per/kWh
Average Usage per month
Average Cost per month
HOW DOES THIS COMPARE NATIONALLY?
Last Updated on Jan. 11th, 2021
Maryland Electricity Rates Chart
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.
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 only 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
Maryland Electricity Bills
In order to help you further understand your Maryland electricity bill, we’ve put together the following guides by utility company.
- BGE Electricity Bill
- Delmarva Power Electricity Bill
- PEPCO Electricity Bill
- Potomac Edison Electricity Bill
Electricity Rates in Popular Maryland Cities
Find the best electricity rates for popular cities in Maryland.
Finding The Best Maryland Electricity Provider
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.
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 Rate FAQ's
- How much does electricity cost in Maryland?
On average, residents in Maryland pay 13.30¢ per kilowatt-hour for electricity. This is the 16th highest average electricity rate in the US.
- How does Energy Choice in Maryland work?
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.
- How does Maryland generate electricity?
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.
- Where can I find my current Maryland electric supply rate?
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.
- What’s the difference between a utility provider and a retail energy provider?
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.