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): 16.64 cents per kWh through May 31, 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
Everyone shops differently. Whether you prefer to research options on your own or want the guidance of an expert, we can simplify the process for you:
Want to compare plans at your own pace? Our online marketplace compiles today’s most accurate rates and plans from top electricity companies. Enter your ZIP code to explore options in your area and filter your results by providers, home size, features like green energy, and more.
Want personalized guidance and real-time answers to your questions? Call the number on your screen — our team is standing by to help. Be ready with a few details, such as your address, social security number, and email address (your data is always secure). One of our agents will ask you a few questions to better understand your energy needs and budget, and then connect you with the best deals available in your area. Some plans are only available over the phone, so you may have access to even more options. We’ll make sure you’re getting exactly what you need, whether that’s a lower bill, a more reliable provider, or a plan that better matches your usage.
We also understand the deregulated energy market can be complicated — our experts can answer questions about confusing terms like early termination fees, Electricity Facts Labels, fixed-rate vs. variable-rate plans, and more.
Once you identify the right plan match, you can sign up right away. Just like with the online experience, your new provider will take over from there and ensure there is no interruption to 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.