If you’re a Maryland resident, you likely have the option to choose your energy provider and take advantage of the benefits of energy deregulation. This page walks you through everything you need to know about Maryland electricity rates, including available plan options, energy choice basics, and more.
Get the Best Maryland Electricity Rates
Your options for electricity pricing depends on who your local utility is. Below is a snapshot of featured Maryland electric rates by utility company near you. For all 2020 MD rates available on ElectricityRates.com, enter your zip code through our free Rate Comparison Tool at the top of the page.
Baltimore Gas & Electric (BGE) Electricity Rates
BGE is a Maryland utility provider. Its service covers 2,300 square miles, including Baltimore and ten central Maryland counties.
Learn more about Baltimore Gas & Electric (BGE).
Delmarva Power Electricity Rates
Delmarva Power is a utility provider that serves areas all along the eastern portion of Maryland.
Learn more about Delmarva Power.
PEPCO Electricity Rates
PEPCO is a utility provider that serves power to Washington D.C. and the surrounding communities in Maryland.
Learn more about PEPCO.
Potomac Edison Electricity Rates
Potomac Edison is a utility provider that serves almost 400,000 customers in Maryland and West Virginia. They serve the western portion of Maryland.
Learn more about Potomac Edison.
Average Maryland Electricity Costs
Maryland Average Bill
The average electricity price in Maryland is 13.3¢ per kWh which is slightly above the national average of 12.87¢ per kWh. Maryland residents have the 8th 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 $133.68 per month.
Last Updated on March 15th, 2020
Maryland Electricity Rates Chart
Energy Choice 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, aka “energy choice.” Energy choice results in increased competition between electricity providers and better options for energy consumers.
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.
100% Renewable Plans
100% renewable plans are sourced from green energy. These plans have a “100% Renewable Sources” label when shopping for rates on ElectricityRates.com. These plans also usually come with a fixed-rate.
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.
Understanding 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.
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 by Maryland City/Location
Find the best electricity rates for popular cities in Maryland. To quickly see the best rates available in your area, enter your zip code into our free Rate Comparison Tool found at the top of the page. This will take you less than a minute!
Maryland Electricity Providers
There are hundreds of licensed electricity providers in Maryland, from small local companies to large companies like Constellation, Direct Energy, and Spark Energy. On ElectricityRates.com, you’ll only find the most reputable, top-rated Maryland providers with the best rates, so you don’t have to worry about choosing the wrong one.
When comparing providers, consider the electricity supply rate, plan length, if the plan is sourced from 100% renewable energy and if any incentives are included.
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.