Compare Maryland ‍electricity rates

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Maryland Electric Rate Map
Electricity Rates
Maryland Electricity Rates
Thad Warren By Thad Warren

Maryland Electricity Prices

Lowest electricity rates in Maryland today:

6 mo
12 mo
24 mo
36 mo

Average Maryland Electric Rates

This section highlights the average Maryland electricity rates for residential and commercial customers.

Last updated June 2024

  • The average Maryland commercial electricity rate is 12.65 ¢/kWh (0% higher than the national average).
  • The average Maryland residential electricity rate is 18.09 ¢/kWh (8% higher than the national average).

Source: Maryland energy data from The U.S. Energy Information Administration (EIA)

Maryland Electric Rates

How much is electricity in Maryland? Rates updated daily

Maryland Commercial Electricity Rates and Plans

How to find the best electric rate for your business

For businesses of all sizes – from small businesses to enterprise-level, the Maryland deregulated market has enabled competition. Today, every business has the ability to compare energy plans from top energy suppliers and shop for the best rate available.

In most cases, businesses will be able to effectively manage and/or reduce their monthly electricity costs by switching energy plans and providers every year.

Maryland Public Service Commission

The Maryland Public Service Commission, known as PSC, is an independent administrative agency within the state government which regulates public utilities. In other states, this agency is usually called a Public Utility Commission.

The PSC affects every household and business in Maryland. The PSC regulates providers of all types of utility services, including electric and natural gas companies, local and long-distance telephone companies, water and wastewater companies, and rail and trucking companies. The PSC was created to assure Maryland residents receive adequate, safe, and reliable public utility services – at a fair price.

Maryland Utilities and Energy Providers

Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utilities in Maryland are BGE, Pepco, Delmarva, Potamac Edison, Choptank, and SMECO. Each utility is responsible for transporting electricity from the generators to residential homes and businesses in their specific region of Maryland.

Energy providers in Maryland, including AEP, Constellation, and Direct Energy are the competitive energy providers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).

In most cases, the energy consumer – the homeowner, renter, or business – signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like the cancellation fee policy.

Maryland Small Business Profile

Maryland is home to over 581,712 small businesses in a wide variety of industries and categories. Small businesses also make up 99.5% of the total businesses in Maryland with the remaining .5% being large or enterprise level companies.

As of the latest SUSB census, Maryland small businesses employed over 1 million people representing  50.2% of the total employees in Maryland.

Key Statistics

  • 581,712 Small Businesses
  • 1.1 million small business employees – 50.2% of the total workforce

Top Small Business Industries in Maryland

  • Health Care and Social Assistance
  • Professional, Scientific and Technical Services
  • Accommodation and Food Service
  • Construction