Guide to Maryland Electric Rates
Maryland Electricity Rates.
Deregulation in Maryland
If you live in Maryland, you’re one of the many states that benefit from deregulated electricity prices. Since 1999, the state of Maryland has been deregulated. This means that if you work or live in MD, you can choose who supplies your electricity.
Deregulation drives down supply costs and creates competition amongst suppliers. That’s because there’s plenty of market competition to get Maryland electric suppliers vying for your business.
While all that choice means you can often benefit from better service at lower costs, it also means choosing the right supplier can take some time if you shop on your own. Time for sifting through industry related terminology, contracts and products. We’re here to help you make sense of it all. Feel confident in choosing Maryland electricity rates through EnergyPricing.com.
Shop For A New Supplier
Shop Instantly For A Maryland Electric Rate
Small businesses and residences using under 250,000 kWh per year that want to see Maryland electric rates immediately can utilize our shopping portal.
Schedule A Reverse Energy Auction
Larger commercial users looking for a tailored comparison of Delaware electric suppliers will benefit from a custom quote process.
Types of Electricity Plans in Maryland
You're charged the same rate for the length of the plan, making it much easier to budget. The price you lock in will be applied per kilowatt hour on your monthly bill for your supply charges. Committing to a fixed rate has its pros and cons as far as risk goes.
In a variable-rate plan, you pay based on the market price for electricity each month. This product comes with a much higher risk to reward. You might save a little, but you might pay more, too.