Maryland price to compare
Maryland energy customers are defaulted to a plan from the local utility company if they don’t choose an energy supplier. This default rate is known as the price to compare (PTC), and you can use it as a baseline to determine whether you could find a better rate elsewhere.
Here are the PTCs per kilowatt-hour (kWh) of Maryland’s four main utility companies:
- Baltimore Gas & Electric (BGE): 13.45 cents per kWh through February 28, 2026
- Delmarva Power: 12.09 cents per kWh through May 31, 2026
- Potomac Electric Power Company (PEPCO): 13.25 cents per kWh through May 31, 2026
- Potomac Edison: 11.19 cents per kWh through May 31, 2026
Types of energy plans in Maryland
Maryland energy providers offer different types of plans to customers with various energy needs. But before you commit to a plan or provider, it’s important to understand how energy buying works to make the best decision for your home or business.
- Fixed-rate plans: Fixed-rate plans secure your Maryland electricity rate for the length of your contract (usually 12-36 months). They offer predictable payments and stable bills. If you decide to cancel or switch plans early, then you’ll likely incur an early termination fee (ETF).
- Variable-rate plans: Variable-rate plans are month-to-month, giving you more flexibility to end your service anytime without fees. However, your rate will fluctuate based on the price of electricity on the wholesale market.
- Prepaid and no-deposit plans: By enrolling in a prepaid plan or a no-deposit plan, you skip the initial deposit requirement by your provider. You’ll pay for your energy service in advance and refill your account as needed.
- Renewable energy plans: Many Maryland electricity suppliers offer green energy plans. In fact, the state requires at least 50% of all energy to be sourced from renewables by 2030. To browse green energy options near you, enter your ZIP code on Choose Energy and filter your search results for green energy.
Understanding deregulation in Maryland
Maryland electric choice began in 1999 when the state passed the Electric Customer Choice and Competition Act, establishing a deregulated energy market. In 2000, electric choice was phased in for many customers. Since then, residents and businesses have had the power to choose their natural gas and electricity suppliers in the state.
Keep in mind, deregulation doesn’t mean no oversight. The Maryland Public Service Commission regulates public utilities for public safety, energy conservation/preservation, and costs.
Electric suppliers in Maryland
Maryland energy providers sell electricity to your home or business and handle account and billing matters. You can compare electric companies in Maryland by entering your ZIP code on this page. Here are a few top energy providers in the state that you can choose from:
Utility providers in Maryland
Your utility company delivers electricity and natural gas to your home. Each part of the state is served by a different utility company, which is responsible for maintaining the power lines and infrastructure. In the event of a power outage, contact your utility company, not your electricity provider. There are Maryland’s four main utility companies:
Average electric bill in Maryland
The average residential Maryland energy rate is 21.05 cents per kWh, according to the latest Energy Information Administration (EIA) data. The state’s typical monthly energy consumption is 929 kWh, resulting in an average monthly electricity bill at $195.56. This is approximately 25% higher than the national average of $155.94.
Find the right energy plan with Choose Energy
Finding the best electricity and natural gas plans is easy with Choose Energy. Lock in an affordable electricity rate by following these easy steps.
- Enter your ZIP code: We’ll provide you with a list of available suppliers and plans in your area. You can quickly compare each electricity company in Maryland and filter your results for rate type, term length, and more.
- Sign up in minutes: Once you’ve found a provider and a plan you like, you can sign up on Choose Energy’s online marketplace in minutes. You can also call the number on your screen to complete the process with a member of our team.
- Enjoy your energy savings: Your work here is done. Your new supplier will arrange your setup or service transfer with no interruption in your service.
Frequently asked questions about Maryland energy
Is a deposit required for my energy plan?
Many providers require a deposit before beginning service. However, you can avoid this by shopping for no-deposit or prepaid plans on the Choose Energy marketplace.
How can I lower my electric bill?
Several strategies to reduce your electricity bill include maintaining your HVAC system, adjusting your thermostat, and installing energy-efficient appliances.
Where do I find my plan documents?
Read the Terms of Service (TOS) document to find key plan details. If you’re shopping with Choose Energy, you can quickly find each plan’s TOS on our marketplace.