Compare Maryland electric prices

Maryland energy rates

A deregulated energy market has given Maryland residents the power to find the best Maryland electricity rates and choose their own electric supplier.

The ability to save money on your electric bill means you have to do your homework when choosing from Maryland electric suppliers. There are many options to choose from, and you want to make sure you look at all the factors before you lock into a contract. Some of these factors include the choice of a fixed rate plan or variable rate plan. With a fixed rate plan, your rate stays the same throughout your term; with a variable rate plan, it can change. You can also choose renewable energy options and the length of your contract.

Energy deregulation in Maryland

Deregulation, quite simply, means consumers have the power to choose their energy providers. More than 20 years ago, the state of Maryland passed the Electric Consumer Choice and Competition Act of 1999. The result was the utility companies had to sell their generating facilities to third parties and residents could choose their retail electricity supplier.

Additionally, Maryland natural gas prices are competitive as the state’s natural gas market is also deregulated. The Maryland Public Service Commission (PSC) regulates the state’s electric and natural gas utilities and energy suppliers.

Energy plans in Maryland

The process of sorting through all of the Maryland electric suppliers and comparing Maryland electricity prices and plans can be cumbersome. There is so much more to consider than rates alone. Fortunately, you don’t have to figure this out on your own. Save On Energy provides a wealth of information so you can make the best choice.

Learn about the following:

• Take a look at all of the state’s electric providers
• Compare Maryland electricity rates
• Things to consider before choosing your plan
• When to take advantage of prepaid plans
• Poor credit does not have to be an issue with no-deposit plans
• How to go about moving to a new supplier
• Find out how your electric bill compares to other states

Immediately, you’ll want to know the following:

• Fixed rate plans — The rate you’re charged when you sign up will stay the same throughout your contract term.
• Variable rate plans — The rate you’re billed for your usage could change monthly. It’s all based on the performance of the electricity market.
• Prepaid plans — Paying in advance means you avoid deposits. Then, you only replenish your account on an as-needed basis.
• Renewable energy plans — Reduce your carbon footprint by choosing from green energy options.

If you don’t want to go through this process, you can still purchase your electricity directly from your local utility company, but you could pay higher rates for it.

Maryland energy companies

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.

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.

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.