Variable-Rate Electricity PlansĪ variable-rate electricity plan changes rates periodically based on market conditions.įlexibility is the key advantage of a variable-rate plan. These plans also usually come with a predictable fixed-rate.

Constellation, for example, bundles its Connect Energy Package with some electricity plans.Į lists types of incentives in the “plan details” section under any electricity plan. Electricity Plans With IncentivesĮlectricity plans that come with incentives may include smart-home devices or other benefits included with the plan. To help you save money and save you from those unexpected rate hikes, primarily offers fixed-rate electricity plans. With a fixed-rate plan, you know what you are paying for your electricity supply each month. That’s because variable-rate plans are subject to unexpected rate hikes and don’t guarantee a maximum rate. Fixed-rate plans can often save you more money than variable-rate plans. Fixed-Rate Electricity PlansĪ fixed-rate electricity plan locks your rate at the advertised price for the duration of the plan. There are several different types of electricity plans available to Maryland residents. Your new plan will take over in one to two months, all while your local utility company provides the same great distribution service.

Switch providers – After finding the right plan, select it, fill out the necessary information, and switch to the Maryland electricity provider with the best plan for you.Īfter this, your new provider takes care of the rest.

Compare providers and plans – Compare electric company rates, plan length, renewable options and more to find the right plan for you.

Enter your ZIP Code – This will pull up all electricity providers and their available rates in your area.

All you have to do is follow a simple three-step process: How to Compare Maryland Electricity RatesĬomparing and switching electricity rates is simple through ’s Rate Comparison Tool. The Maryland Public Service Commission monitors and regulates all public utilities in the state of Maryland. The local utility company still provides power distribution, as they did in the past and continue to do today. However, now they have many more providers and options to choose from. Maryland residents still receive their electric supply from their local utility by default. Deregulation separates the supply of energy from its distribution, giving customers the ability to choose their electricity provider. In 1999, the Maryland General Assembly passed the Electric Customer Choice and Competition Act. Because of the lack of competition, local utilities had a monopoly on the industry and were able to set energy rates as high as they liked. Before energy deregulation in Maryland, the local energy utility handled all generation, transmission and distribution.

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