Compare Maryland Electric Prices & Plans

Maryland established a deregulated energy market in 1999. Since then, residents and businesses have had the power to choose their natural gas and electricity suppliers in Maryland. Deregulation introduced competition into the energy market, encouraging retail suppliers to offer you the best electricity rates and plans. 

In Maryland and other states with deregulated markets, customers have the opportunity to save on their energy costs by shopping strategically and comparing plans. Savvy shoppers can save big by signing up for a new plan when Maryland electricity rates are low, such as during low-demand seasons like spring and fall.

Deregulation doesn’t mean there is no oversight in Maryland, however. The Maryland Public Service Commission regulates public utilities. Customers can contact the Consumer Affairs Division at (410) 767-8043 to report any disputes about services or pricing from Maryland energy providers.

Navigating a deregulated energy market can be confusing, especially on your own. Choose Energy provides a one-stop shop to help you understand energy deregulation and select the best Maryland electricity provider and rate plan for you. Here is some basic information to help you start the process:

• What is the difference between a fixed-rate, variable-rate, and prepaid plan? Fixed-rate plans secure your Maryland electricity rate for the length of your contract (usually 12–36 months, offering predictable payments. Variable-rate plans are month-to-month, which gives you more flexibility to end your service anytime without fees. However, your rate will fluctuate based on the volatile electricity market. By enrolling in a prepaid plan, you skip the deposit and prepay for your energy service in advance.
• Are there different renewable energy plans? Many Maryland electricity suppliers offer a percentage of renewable energy in their plans, and the state requires that all plans feature at least 50% green energy, whether from solar or other sources, by 2030. To browse green energy options near you, enter your ZIP code and filter your Choose Energy search results with the green energy feature.
• What happens if you don’t buy energy from a supplier? If you don’t choose an energy supplier in Maryland, you will default to your local utility company. Depending on where you live in Maryland, this may be one of a wide variety of electric and gas utility companies.

Unless you buy directly from your utility, the electric supplier you choose isn’t the company that delivers electricity and natural gas to your home. Each part of the state is served by a different utility company responsible for maintaining the power lines and infrastructure. In a power outage, you should contact your utility company.

• Baltimore Gas & Electric (BGE)
• Delmarva Power
• Potomac Edison Company
• Potomac Electric Power Company (PEPCO)

While your utility company is based on location, you have the power to choose your Maryland electricity provider, such as Spark Energy. The supplier you select will provide your service and electric rate in Maryland. You can compare energy rates in Maryland by entering your ZIP code on this page. Search for your utility company’s price to compare to find out how it stacks up against options from retail suppliers in your area.

Finding the right electricity and natural gas plans is easy with Choose Energy. Secure your electricity bill savings by following three easy steps. 

1. Enter your ZIP code: Find a list of suppliers and plans available in your area. You can quickly compare electric rates in Maryland and filter your results based on your typical energy usage, rate type, term length, and more.
2. Pick a plan: Choose your supplier and plan based on your budget and energy needs.
3. Sign up: You can enroll in your new plan online or by phone. Your new supplier will arrange your setup or service transfer. You won’t need to change meters and shouldn’t experience an interruption in service.

How much does electricity cost in Maryland?

The average monthly electricity bill in Maryland costs $168.24, with a rate of 17.38 cents per kWh.

How can I compare different electricity suppliers in Maryland?

Enter your ZIP code to compare electric rates in Maryland on the Choose Energy marketplace. You can search, shop, and sign up for your Maryland electricity provider all in one place. Once you select a plan and sign up, your new service should switch on the next billing cycle (within 30–60 days).

Is a deposit required for my energy plan?

ay a deposit to get your service started. To avoid this, filter your search results for no-deposit or prepaid plans on our marketplace to pay for your electricity or natural gas service in advance. These plans typically have higher rates than traditional plans.

How can I lower my electric bill?

You can reduce your electricity bill by maintaining your HVAC system and installing energy-efficient appliances. Switching to a different supplier can also lead to a lower rate. We recommend shopping around for cheap electricity in Maryland to find the lowest rates.