Maryland’s electricity market offers a mix of regulated utility rates and third-party retail supplier options, making rate comparison a valuable exercise for cost-conscious residents. While the state isn’t as low-cost as some parts of the country, savvy consumers can still find competitive plans tailored to their usage. 1. Average and Utility Rates According to the U.S. Energy Information Administration (EIA), Maryland’s average retail electricity price was about 14.34 ¢ per kWh in 2023. However, this average masks important regional and provider-based differences. For instance, regulatory filings show that in 2024, the average Maryland rate rose to 15.04 ¢/kWh . Major utilities in Maryland include Baltimore Gas & Electric (BGE) , Pepco , Delmarva Power , Potomac Edison , and Southern Maryland Electric Cooperative . RetailEnergyChoice reports that for the period October 2023 – May 2024, BGE’s default (or “standard offer”) supply rate was 11.85 ¢/kWh , whi...