Baltimore Electricity Rates
Baltimore has access to Maryland‘s finest energy sources: Calvert Cliffs nuclear plant as well as a large and growing renewable energy sector. Yet, the price of energy is still above average.
Many residents of Baltimore have turned to retail electricity providers to supply them with electricity for a cost lower than what they pay to Baltimore Gas & Electric (BGE), their utility company. There are many of these electricity providers to choose from, and ElectricityRates.com can help you find the one that’s best for you and your needs.
Compare Baltimore Electricity Rates
On the right side of this page you will find a tool that is designed to help compare and switch Baltimore providers. To start type in your zip code, select BGE as your utility when prompted, and then you’ll be able to see a list of some of the best providers and plans in Baltimore. You’re not obligated to switch if you use the tool, but you can conveniently sign up online through the tool if you choose to do so.
There are a number of different factors to consider when comparing retail electricity providers:
- Electricity Rates: The first thing you’ll see listed for each provider is a rate. It will be expressed in cents per kilowatt hour (cents/kWh), and you should look for a rate that is well below BGE’s Price-to-Compare – the rate you currently pay. Your Price-to-Compare can be found on your most recent electric bill
- Fixed vs. Variable Baltimore Electricity Rates:For some plans, you’ll pay the initial rate you see advertised for the entirety of your contract – a fixed rate. For others, you’ll pay a rate that varies from month-to-month – a variable rate. We recommend fixed rate plans for most customers, but there are benefits and risks for both. Learn more about the differences in pricing schemes here.
- Length of Contract: Electricity contract lengths for fixed rate plans are generally in one- or two-year terms, but many providers offer longer and shorter plans. Variable rates are most often month-to-month contracts, will no cancellation fees (but you run the risk of paying a higher rate). Consider how long you feel comfortable being locked into the plan you’re choosing, since if you leave before your contract is over you’ll likely be forced pay an early termination fee.
- Electricity Source: For those that are environmentally conscious, many providers offer green plans that derive electricity from renewable sources, such as solar, wind and hydro power. The rates will generally be higher than the provider’s non-renewable plans, but many providers offer rates for green plans that are still well below BGE’s Price-to-Compare. Providers are also beginning to offer natural gas-sourced electricity, which is not renewable but is cleaner than traditional coal-sourced power.
Switch Baltimore Electricity Rates
Now that you have found a provider that fits your needs, switching Baltimore electricity rates is easy. All you will need to switch is the information on your most recent BGE utility bill, It’s important to realize that switching electricity companies will neither endanger your power supply nor improve the reliability of your electric service. BGE will continue to deliver your electricity and maintain wires, poles, and meters. The only difference is the supply rate changes on your utility bill.