Compare Maryland Electricity Rates
Here are featured rates for each Maryland electricity utility. Start by locating your utility below and selecting the rate you would like to switch to. Enter your zip code at the top of the screen and click “get rates” to see all available rates.
BGE Electricity Rates
Delmarva Power Electricity Rates
Pepco Electricity Rates
Potomac Edison Electricity Rates
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 they are 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 vs the National Average
As of March 2018, Maryland residents pay slightly more for electricity than the US average. The business sector pays 1% more than than the national average while the industrial sector pays 27% more. Maryland has seen its residential electricity rates drop by 7% since 2017. Below is a graph detailing how much Maryland pays for electricity by sector compared to the US average.
Maryland Energy Deregulation History
Energy deregulation is what allows Maryland residents and business shop for lower electricity supply rates than their utility offers. Energy deregulation was introduced to create price competition between utilities and retail energy providers in attempts to lower rates for consumers.
Maryland’s 1999 Electric Utility Industry Restructuring Act enacted legislation for the deregulation of Maryland’s electric supply market. By 2007, the state was fully deregulated – meaning that most customers were no longer forced to purchase their electricity supply from their local utility. Now Maryland customers can shop around and have a number of providers compete for their business.
How to Switch Maryland Electricity Providers
There are two main parts of an electric bill: (1) Supply, and (2) Delivery and Transmission. A customer’s local utility handles electric delivery and transmission, and this charge doesn’t change if a customer switches to a retail electricity provider. The Supply portion of the bill is what customers are able to shop around for.
To shop available Maryland electricity rates, enter your zip code at the top of the page. Switching electricity providers is 100% free and can be done in just minutes!
When deciding on a retail electricity provider, look for the following:
Low Maryland Electricity Rates
- Find rates that are lower than what you’re currently paying, often referred to as the “Price-to-Compare”. This can be found on your most recent utility bill and is expressed in cents per kWh.
Electricity Contract Terms that Fit Your Needs
- Choose between fixed and variable rate plans. Variable plans have rates that can change daily or monthly and fixed plans have rates that are locked in for the duration of the contract.
- Choose between 3, 6, 12, 18, and 24-month contract durations or month-to-month variable plans.
Other Incentives to Switch Electricity Providers
- Renewable and clean electricity source options
- Multiple bill-pay options
- Smart grid and Smart meter improvements
- And more
Maryland Public Utilities
Maryland has 4 energy utilities that serve most residents and businesses in the state. These include BGE, Delmarva Power, PEPCO, and Potomac Edison. If you are a customer of any one of the utilities listed below, you can compare and switch electric supply rates. For more information, click on the utility below.
The Maryland Public Service Commission monitors and regulates all of these public utilities.
Maryland Electric Providers
A variety of retail electricity provider companies entered the market in hopes of gaining new customers. Competition among providers increased as their numbers grew. It is this competition that brings lower Maryland electric prices and more innovative products and services to the electricity market.