Compare Electricity Rates in Maryland

Average electricity rates in Maryland in November 2024

• According to the Energy Information Administration (EIA), the average residential Maryland energy rate is 17.26 cents per kilowatt-hour (kWh), about 3.9% higher than the national average (16.62 cents per kWh).
• The latest commercial Maryland electricity rate is 12.95 cents per kWh (about 4.6% lower than the national average of 13.58 cents per kWh).

Types of electric plans in Maryland

As you explore your options from electric suppliers in Maryland, it helps to learn about the types of energy plans available and determine which option best suits your needs. If you want more information or need help picking a plan, call the number on your screen to contact an agent.

• Fixed-rate plans: Ensure a predictable monthly energy bill with a fixed-rate plan. Your electricity rate remains the same for the length of your contract, but you’ll have to pay an early termination fee (ETF) if you cancel before the contract ends without moving out of your Maryland electric supplier’s service area.
• Variable-rate plans: If you prefer a flexible plan, consider a variable-rate option, which offers rates that change month-to-month based on the energy market. A variable-rate plan may provide savings when energy demand is low, but rates could surge when demand increases.
• No-deposit and prepaid energy plans: If you want to avoid an upfront deposit, consider a no-deposit or prepaid electricity plan. These options allow you to pay for your energy in advance without an initial fee.
• Green energy plans: If you want to power your home with green energy sources like solar energy, search for plans with 100% renewable energy content using our marketplace filters.
• Business energy plans: Businesses can also take advantage of deregulation to choose a customized rate plan. Explore our business energy page and contact one of our experts to discuss the best options from commercial electric suppliers in Maryland.

Maryland electric suppliers

Electricity suppliers and utility companies have separate roles in a deregulated energy market like Maryland. Understanding the differences will help you make the best choice for your energy needs.

Energy suppliers

You can choose your Maryland electricity provider, the company responsible for selling you a plan and managing bill payments. You can compare electricity rates in Maryland from the following providers on the SaveOnEnergy marketplace:

• CleanChoice Energy
• Clearview Energy
• Constellation
• Direct Energy
• Public Power

Utility companies

The local utility company is responsible for maintaining the infrastructure, transmitting electricity, and handling power outages. You cannot select your utility company because it is based on your location. However, you can choose whether you purchase your power directly from the utility or from one of the various retail electric suppliers in Maryland.

Contact your Maryland utility company

If you experience a power outage or another interruption to your service, you should contact your utility company. Here are Maryland’s four largest electric utilities:

• Baltimore Gas & Electric (BG&E)
• Delmarva Power and Light
• Potomac Edison
• Pepco

Maryland price to compare

When you shop for an energy plan in a deregulated market, it’s helpful to know your utility company’s base price. Also known as the “price to compare” (PTC), this electricity rate helps you compare utility rates with options from Maryland electric providers.

Here are the current residential PTC rates for Maryland’s largest utilities:

• Baltimore Gas & Electric: 11.92 cents per kWh
• Delmarva Power and Light: 11.91 cents per kWh
• Potomac Edison: 9.698 cents per kWh
• Pepco: 12.01 cents per kWh

Average electricity bill in Maryland

On average, Maryland residents spend $167.08 per month on their electricity bill, equivalent to $2,022.36 per year. The average electric bill in Maryland is about 11.8% higher than the national average bill of $149.41.

How to find the best electricity rates in Maryland

Energy demand varies throughout the year, and Maryland electric rates typically increase when demand is high during the summer. The spring and fall are the best time to sign up for a new energy plan or switch to another Maryland electricity provider with a lower rate. Use the following steps to compare and sign up for the best energy plan in your area.

• Enter your ZIP code. Compare electric rates in Maryland to pick the best energy plan for your budget. Use the filters to narrow options based on rate type, contract length, and green energy options.
• Pick a plan. Select your plan and sign up online or over the phone in a few minutes.
• Enjoy your new service. Your electricity company in Maryland will set up your service without interruption.

Solar energy in Maryland

Maryland isn’t one of the top solar-generating states — the state ranks 30th in total solar production in the country. Nonetheless, there are numerous incentives and options for installing solar to decrease your carbon footprint and lower your energy bills. SaveOnEnergy can connect you with top solar installers in Maryland.

Maryland is also piloting a community solar program to help residents benefit from solar energy production without the upfront costs of installing their own panels. Learn more at Maryland’s community solar page.

SaveOnEnergy’s tips for easy electricity service setup

• Read your plan’s Electricity Facts Label before signing up. It contains important information, including:
  • Price per kilowatt-hour based on usage
  • Percent of renewable energy sourcing
  • Early termination fees
• Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
• Understand your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.