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Maryland energy rates

Thanks to energy deregulation in Maryland, consumers have the power to choose their energy providers, which includes both electricity and natural gas. The SaveOnEnergy marketplace makes it easy to shop for energy plans and find the best rates in your area, and it’s free for you to use.

Maryland electricity rates

Plan Name Plan Length Rate
Clearview Energy - GreenGuarantee6Plus 6 months $0.104 / kWh
Constellation - 36 Month Home Power Plan 36 months $0.113 / kWh
Public Power - 12 Month Fixed 12 months $0.117 / kWh
Spark Energy - Spark Green Secure 24 24 months $0.124 / kWh

Please note: All rates above are accurate as of 5/25/2022, 1:39:13 AM CDT for ZIP Code 21401. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

How to find the best electricity rates in Maryland

Due to energy deregulation in Maryland, energy rates tend to fluctuate throughout the year based on the season, energy demand, and other factors. By using the SaveOnEnergy marketplace, you can find the best plans in your area and lock in a cheap rate. Here’s how to get started:

  1. Enter your ZIP code above. You’ll find a list of energy plans in your area and can compare rates from many different providers.
  2. Sign up in minutes. Once you’ve chosen the best plan for you, sign up online or call the number on your screen to speak to an energy expert.
  3. Enjoy your new energy plan. Your new provider will handle the setup, so you can just relax and enjoy your new energy plan.

Electricity rates in my area

Different utility companies charge different utility transmission charges, meaning electricity rates vary throughout Maryland. The rate you pay in one part of the state could be different from what someone pays in another part of the state, even for the same plan. Because of that, it’s important that when you’re shopping for energy plans, you specifically shop for electricity rates in your area.

The SaveOnEnergy marketplace makes it easy to find accurate and reliable energy rates in your area. You can see rates from many providers in one place and sign up for the plan that best suits your needs.

Moving to Maryland?

Maryland is home to more than 6 million people. The state is known for its rich history, the Chesapeake Bay, and it’s blue crabs. It’s also unique in that it’s one of the few states that has a deregulated energy market. If you’re planning a move to Maryland, you can shop around and choose your energy provider. To explore your options, enter your new Maryland ZIP code at the top of the screen. You’ll find energy plans currently available in your new area and can start shopping for the best rate.

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Find the right energy plan with Save On Energy

You don’t have to sort through all of these suppliers on your own to find the best Maryland electricity prices. Save On Energy has a free online marketplace that uses a comparison tool to check prices, terms, and options to find the best plan that will work for you.

To let Save On Energy help you with this difficult decision through the free comparison tool:

  • Enter your zip code to compare Maryland electricity rates and plans.
  • Sign up for your new plan from our website or by calling the phone number listed.
  • Start enjoying your new plan — your new provider will complete the setup process for you.

Types of electric plans in Maryland

When you sign up for your new energy plan in Maryland, you’ll have several different types of plans to choose from. The best plan for you will depend on your energy usage and other factors. You can learn more about the different plan types below. And if you still have questions, call the number on your screen to speak to an energy expert.

Fixed-rate plans in Maryland

A fixed-rate energy plan allows you to lock in your rate. When you sign up, you’ll enter a contract of 12-36 months, during which time your energy rate won’t fluctuate with the market. This plan is ideal for those who want stability in their budgets. Keep in mind that if you end your service before the end of your contract, you might pay an early termination fee (ETF).

Variable-rate plans in Maryland

Unlike fixed-rate plans, a variable-rate energy plan doesn’t allow you to lock in your energy rate, nor does it require you to sign a contract. Instead, your energy rate each month is based on the current energy market. Some months you’ll see your energy rate spike, but during other months, rates will be lower and you’ll save money.

No deposit and prepaid energy plans in Maryland

Most energy plans require a deposit when you sign up, though it may be waived with a satisfactory credit history. However, certain no-deposit plans allow you to avoid paying a deposit. A prepaid energy plan is a popular type of no-deposit plan that allows you to pay for your energy usage upfront and skip the deposit.

Green energy plans in Maryland

Like many states, Maryland has really embraced green energy in recent years. In fact, the state is known for both its wind and solar energy production. Maryland residents can easily find energy plans powered by 100% green energy. Enter your ZIP code above to explore green energy plans near you. You can view any plan’s Electricity Facts Label (EFL) to find what percent of your plan contains renewable energy.

Business energy plans in Maryland

Business owners in Maryland can also take advantage of the deregulated energy market and choose their own providers. If you own a Maryland business, visit our business energy page where you can learn more, speak with a business energy expert, and start building your custom commercial energy plan.

Cheap energy prices in Maryland

Energy deregulation in Maryland means you have more control over where your home’s energy comes from, but it also means prices are likely to fluctuate throughout the year. In the northeast where Maryland is located, seasonality is a major factor in energy rates. Energy demand tends to be higher in the summer and winter when temperatures are more extreme, and so rates also tend to be higher during those times. You can save money by shopping at off-peak times like the spring and fall. Shopping with the SaveOnEnergy marketplace can also save you money — we can help you lock in cheap energy rates at any time.

Energy providers and utility companies in Maryland

Due to energy deregulation in Maryland, consumers can choose their own energy providers. Whichever provider you choose will supply the energy that powers your home. There are more than 120 Maryland electric suppliers that offer hundreds of plans. A few of these providers are Clearview Energy, Constellation, Direct Energy, and Spark Energy. This is where you get to make your selection of which company you’d like to buy your electricity from.

While you can choose your own provider, you can’t choose your own utility company. Instead, it’s based on where you live. Maryland has four electric utilities — Baltimore Gas & Electric (BG&E), Delmarva Power and Light, Potomac Edison, and PEPCO. These are the companies that deliver your electricity, restore outages, and maintain power lines. This is the company you call when your electricity goes out, even your electricity supply comes from a different provider.

Contact your Maryland utility company

If you experience a power outage or another interruption to your service, you should contact your utility company. Here’s information on Maryland’s four electric utilities:

Not sure what kind of energy plan will work for your home?

Navigating the deregulated energy market can be difficult when you’re just getting started, but SaveOnEnergy has a library of resources to help simplify the process. Our expertly written articles cover everything from picking the right energy plan to energy-saving tips. You can also use our SaveOnEnergy usage calculator to estimate your energy usage, which can help you identify the best energy plan

Maryland energy FAQs

Is the natural gas market deregulated in Maryland? Expand / Collapse Toggle

Energy deregulation in Maryland gives consumers the power to choose both their electricity and natural gas providers.

Who has the cheapest electricity rates in Maryland? Expand / Collapse Toggle

Clearview Energy has some of the cheapest electricity in Maryland, with rates as low as 9.9 cents per kWh.

What is the best energy plan in Maryland? Expand / Collapse Toggle

There’s no one best energy plan for everyone in Maryland. Instead, the best plan for you depends on your energy usage habits, your budget, your plan preferences, and more.

How do I find a green energy plan in Maryland? Expand / Collapse Toggle

The SaveOnEnergy marketplace makes it easy to find affordable green energy plans in your area. Enter your ZIP code above to find the energy plans in your area, then use the filter tool to see only plans powered by green energy.

New to energy deregulation? Need help finding a plan?

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