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Maryland Electricity Rates

Maryland Electric Rates

Lowest electric rates in Maryland today:

Maryland Energy Market Data

Last updated July 2020

  • The average Maryland commercial electricity rate is 10.00¢/kWh (4% lower than the national average). 
  • The average Maryland residential electricity rate is 13.22¢/kWh (0.5% lower than the national average).
  • Maryland consumes more than five times as much energy as it produces, but ranks among the 10 lowest states in per capita energy consumption.
  • Maryland increased its Renewable Portfolio Standard in 2019 to require that 50% of the state's electricity sales be generated from renewable sources by 2030. About 12% of the state's electricity generation was from renewables in 2018.
Source: Maryland energy data from The U.S. Energy Information Administration (EIA)

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Average Electricity Rates in Maryland

Residential vs Commercial and Industrial

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.

Harbor Maryland

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

Electric Rates in Maryland

Rates updated daily

Maryland Energy FAQs

Energy choice, also known as energy market deregulation, allows Maryland business owners and decision makers to choose a specific energy supplier and energy rate for their respective business.

EnergyBot is an online marketplace that helps businesses quickly and easily compare energy suppliers, plans, and rates in their area. With the simple goal to help businesses switch to the best energy for their business, EnergyBot cuts out the middleman – energy consultants and energy brokers, and enables businesses to switch online. EnergyBot also eliminates the fees and sales commissions that businesses may pay when using a traditional energy broker.

In Maryland, energy brokers may advertise promotional rates and offer their services free of charge – which is not exactly the truth. Most energy brokers “bake in their commissions and fees” into the energy rate (per kWh) that businesses will pay – which means that a business may pay a higher rate than necessary when using a broker. EnergyBot rates are simple and transparent and published on our site every day for businesses to review and compare.

The goal of energy market deregulation was to create competition among energy suppliers so that they would be more efficient and ultimately offer lower, more competitive rates, to consumers. Unfortunately, most businesses and residential consumers have found that comparing energy plans is overly complicated and confusing.

EnergyBot makes energy simple. With a fast and transparent online experience, businesses can now compare plans and select an energy rate in just a few minutes. With basic information about your business and energy usage, EnergyBot will quickly compare current rates from top energy suppliers and provide a list of recommended plans for your business. Switching to a new energy plan is now as easy as booking a flight online.

EnergyBot makes it easy to switch energy providers. Simply visit our website, compare and select energy plans in your area, submit the necessary business information, and then upload your most recent energy bill. The EnergyBot team will seamlessly work with your new supplier to make the switch to the new energy plan. And the energy service to your business will continue without interruption.

You will pay your electricity bill directly to your local utility company. EnergyBot will never send you a bill.

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