Compare Maryland’s lowest electricity rates
Compare today’s cheapest electricity plans in Maryland based on the term length and rate per kilowatt-hour (kWh).
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Public Power - Electric 18 Month Standard Fixed Rate | 18 months | $0.143/ kWh |
Please note: All rates above are accurate as of 6/12/2025, 7:21:58 AM CDT for ZIP Code 20815. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Average Maryland electricity rates in January 2025
- The latest average residential Maryland energy rate is 19.21 cents per kilowatt-hour (kWh) (13% higher than the national average of 16.94 cents per kWh)
- The latest commercial Maryland electricity rate is 13.17 cents per kWh (0.22% lower than the national average)
Types of energy plans in Maryland
Maryland energy providers offer several different types of plans. But before you commit to a plan or provider, it’s important to understand how they work so that you can 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), offering predictable payments, no matter what the energy market is doing. If you decide to cancel your contract or switch plans before the end of the term, then you’ll likely incur an early termination fee (ETF).
- Variable-rate plans: 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 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 any initial deposit requirement by your provider, and prepay for your energy service in advance. Your provider will notify you when your balance is running low so you can top up your account.
- 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 on Choose Energy and filter your search results for green energy.
Maryland electric companies
Energy suppliers
If you choose to purchase your electricity from an energy provider, they will sell you your electricity and handle account and billing matters. You can compare electric suppliers in Maryland by entering your ZIP code on this page. The following are a few top energy providers in the state that you can choose from:
Utility providers
Your utility company, on the other hand, will deliver the 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 the event of a power outage, you should contact your utility company, not your electricity provider. Your Maryland utility will be one of the following companies:
Maryland price to compare
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. Search for your utility company’s price to compare to find out how it stacks up against options from retail suppliers in your area.
The Maryland Public Service Commission features price comparison information from several of the state’s utility companies. Here are a few to see how power prices compare:
- BGE: 11.922 cents per kWh through May 2025
- Delmarva Power: 11.06 cents per kWh through May 2025
- Pepco: 11.06 cents per kWh through May 2025
Average electric bill in Maryland
In Maryland, the average monthly electricity bill for residents is around $171.74 per month. This is calculated by multiplying the average residential energy consumption of kWh — 894 — by 19.21 cents per kWh. This is 18.5% higher than the national average bill of $144.84 per month.
Understanding deregulation in Maryland
Maryland established a deregulated energy market back 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 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.
Maryland customers can compare affordable electricity rates from reliable providers with the Choose Energy marketplace. Enter your ZIP code to get started.
Find the right energy plan with Choose Energy
Finding the right electricity and natural gas plans is easy with Choose Energy. Secure your electricity bill savings by following these three easy steps.
- Enter your ZIP code: We’ll provide you with a list of suppliers and plans available in your area. You can quickly compare energy plans 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 in just a few minutes, or you can call the number on your screen to speak 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.
Delmarva electricity rates for eastern Maryland
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Public Power - Electric 18 Month Standard Fixed Rate | 18 months | $0.139/ kWh |
Please note: All rates above are accurate as of 6/12/2025, 7:21:58 AM CDT for ZIP Code 21657. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
PEPCO electricity rates for Washington, D.C. and surrounding areas
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Public Power - Electric 18 Month Standard Fixed Rate | 18 months | $0.143/ kWh |
Please note: All rates above are accurate as of 6/12/2025, 7:21:58 AM CDT for ZIP Code 20814. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Potomac Edison electricity rates for western Maryland
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Public Power - Electric 18 Month Standard Fixed Rate | 18 months | $0.139/ kWh |
Please note: All rates above are accurate as of 6/12/2025, 7:21:58 AM CDT for ZIP Code 21710. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Frequently asked questions about Maryland energy
Is a deposit required for my energy plan?
Your provider may require you to pay a deposit before beginning service. If you’d rather 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.
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.
Where do I find my plan documents?
You can find your plan documents by finding the Electricity Facts Label (EFL). If you’re comparing plans through Choose Energy, simply click on “more details” and “plan documents” to access the EFL.
What should I expect to see on my energy bill in the winter?
Fall and spring are the cheapest times of year to purchase energy because demand is low, so you will likely see an increase in your electricity rates on your winter and summer bills, when you’re using more energy to heat or cool your home. If you’re interested in switching energy plans, use the Choose Energy marketplace to compare your options and find the cheapest electricity rates.