Maryland Residential Electric Rates
Maryland is a relatively small state by land size, but you can’t say the same about its energy choice. Since the 1999 deregulation, more than 500,000 Marylanders switched providers to enjoy cheaper electricity rates. If you want to find out how to switch, how high is your bill likely to be and what alternative energy options can you choose, you came to the right place.
Comparing Electricity Rates in Maryland
Maryland Electric Choice, a state-wide official program was created to encourage residents to shop for cheaper electricity rates and provide information about energy suppliers, utility companies and other state energy initiatives. In it, you can compare the standard rate (Price to Compare) charged by the utility firm with a variety of competitive electricity rates offered by retail energy suppliers.
Another place to compare electricity rates and switch is our website, ElectricRate. You can enter your zip code to see the available offers in your area or read our energy suppliers’ reviews and find out about additional perks you can enjoy as a consumer.
Maryland Energy Market Overview
Electricity in Maryland certainly isn’t a cheap affair. The combination of high average electricity rates (11.57 cents per kWh) and high average energy usage (18th highest in the US) results in the average electricity cost in Maryland to be among the highest in the country or approximately $140 / month.
Luckily for Maryland residents, the state allows competition in the electricity supply market which means freedom to switch to a cheaper rate for Maryland households and businesses. The power sector was deregulated in 1999 and by 2007, a number of competitive electric retailers popped up around the state, ready to compete for the attention of customers with cheaper prices, better care for customers, and complementary energy products.
Utility Companies in Maryland
Most of Maryland residential and commercial customers are served by 5 big utility companies. Depending on which of them operates in your area, you get charged different electricity rates. If they are your local utility provider, you are able to compare their rates against the retail electric suppliers and, when you find an irresistible offer, simply make the switch.
Remember, your usage matters. The advertised electricity rates are based on a specific consumption, so you should first check, how much electricity do you use at home each month.
(the Price to Compare is based on an estimated electricity usage 900 kWh per month.)
Baltimore Gas & Electric (BG&E)
With more than 200 years of service under its belt, BGE is the largest electric and natural gas utility in central Maryland, encompassing Baltimore City and all or part of 10 Central Maryland counties.
- Customer contact number: 1-800-685-0123
- Current standard electricity rate: 7.371 ¢ / kWh
Member of the Exelon Corporation, Delmarva supplies energy to approximately 527,000 electric customers covering most of the northern Maryland territory.
- Customer contact number: 1-800-375-7117
- Current standard electricity rate: 7.269 ¢ / kWh
PEPCO supplies approximately 883,000 customers in Maryland and District of Columbia, covering some 640 square miles of territory.
- Customer contact number: 1-877-737-2662
- Current standard electricity rate: 8.29 ¢ / kWh
In Maryland, Potomac Edison serviced territories cover western parts of the state.
- Customer contact number: 1-888-544-4877
- Current standard electricity rate: 6.633 ¢ / kW
Southern Maryland Electric Cooperative (SMECO)
SMECO supplies electricity in Maryland to all of Charles and St. Mary’s counties, all but the northern tip of Calvert County, and the southern portion of Prince George’s County.
- Customer contact number: 1-888-440-3311
- Current standard electricity rate: 6.765 ¢ / kWh
Energy Plans & Products in Maryland
Energy plans are like shoes. One size does not fit all. Navigating through complex information about power rates can be confusing and can ultimately deter you from shopping for a better deal. Below is all you need to know about the different energy products that power companies offer to Maryland residents:
|Plan||Description||What's Good?||What's Bad?|
|Variable Rate||Your per-unit gas and electricity costs can vary at the discretion of your supplier|| |
|Fixed Rate||Your unit price for gas and electricity will remain the same for the duration of the plan|
|Prepaid||This plan lets you pre-purchase power for your home at a set price, like a prepaid cell phone|
|Green / Renewable Energy||On this plan, your supplier will match the energy you consume by buying an equal amount from renewable generators|
Alternative Energy Solutions in Maryland
According to the EIA, Maryland’s renewable generation is distributed across the state and consists mostly of solar, hydro and biomass. As a result, Maryland residents have a variety of options to choose from, if they want to switch to cleaner electricity.
Switching to a green electricity plan - Every provider in Maryland offers at least one partially or fully renewable electricity plan. Enter your zip code on our website will show the available green energy plans with great competitive rates.
Installing a solar panel - Maryland homeowners can work together to get competitive pricing for installing solar panels. The organization Solar United Neighbors organizes Maryland neighborhoods into co-ops and offers them support throughout the solar process.
Community solar energy - The local utility companies Baltimore Gas and Electric, Potomac Electric Power and Delmarva Power each have a community solar program to give access to solar energy for the consumers, without having to own a property.
Below are answers to some of the questions you might have about Maryland rates:
How much does electricity cost in Maryland?
According to the Energy Information Administration (EIA), the average residential electricity price in Maryland is 11.57 cents per kWh. It varies slightly, based on which utility company services your local place. If you shop around and switch to a retail energy provider, the rate you will end up switching to will likely be cheaper.
What is the average electric bill in Maryland?
Because of a quite high average usage (18th highest in the US), Maryland electric bills turn out o be among the highest in the country or approximately $140 / month on average.
How do I choose an electricity supplier?
Don’t wait to shop around for a better electricity rate! You can compare the available rates on the official state program Maryland Electric Choice, or simply enter your zip code on our website to shop for electricity plans.
What is the electricity supply charge?
The electric supply charge is what you pay per kilowatt-hour for the electricity you use in your home. The price is determined by whom you choose as your supplier, whether it be a retail electric supplier or the default utility company.
Many competitive electricity retailers are competing to supply Maryland households and businesses with cheaper electricity! Since the average energy usage in the state is high, you can actually end up saving quite a lot of money on your bill, when you switch. Or you can go the alternative (greener) route by installing a solar panel of signing up for a community solar initiative. One thing is for certain, the electric choice in Maryland is big!
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