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MD Electric Suppliers: Compare Maryland Electricity Prices

Why Choose Sunwave?

Sunwave Gas & Power happily supplies electricity and gas service to thousands of homeowners and businesses around the country. Life is difficult, choosing an electric and gas supplier doesn’t have to be. Make Sunwave Gas + Power your MD electric supplier today.

If you are resident or business owner of Maryland seeking the most affordable energy rates and plans, did you know that you are at an advantage? You are in one of few states that have given consumers the power to choose who supplies their electricity.

The energy supply sector is definitely competitive; MD electric suppliers compete for your business by offering competitive plans and energy rates that are designed to meet your residential and commercial energy consumption needs.

Have you been scrambling through the wide variety of MD electric suppliers wondering what you should do next? Do you know what to expect from energy suppliers? Do you know what questions are appropriate to ask an energy supplier prior to entering into a contract with them?

With tons of ads and an enormous amount of information all over the internet, Sunwave Gas + Power has put it all together to provide you with important information that you want to know when shopping for an electric supplier.

Energy Deregulation in Maryland

Over two decades ago, Maryland passed the Electric Consumer Choice and Competition Act of 1999, which allowed consumers to switch to an electric supplier of their choice. MD electric suppliers like Sunwave Gas + Power are able to offer wholesale prices for electricity at an affordable rate.

Further, Maryland’s gas market is also deregulated, allowing consumers to choose who supplies their natural gas as well. Maryland's electric and natural gas utilities and electric suppliers are regulated by The Maryland Public Service Commission (PSC).

How Does it Work?

  • Maryland Electric Supply: MD electric suppliers pay energy generators at the market's current price to purchase electricity on your behalf. You are then charged for your energy consumption on your monthly bill.
  • Maryland Energy Distribution: The local utility company charges the cost of delivering electricity on your monthly electricity bill to deliver energy to your home or business and maintain a safe infrastructure.

Any MD electric suppliers offering to provide you services, should supply you with their Maryland PSC license number.

Since there are no rules regarding electricity rates, MD electric suppliers can charge the price they choose to supply energy to consumers. Likewise, consumers can switch to a different MD electric supplier if they are unhappy with their energy rate and plan provided through their current energy supplier.

Indeed, it may be challenging trying to pick the right electric supplier because there are many factors to consider, including Maryland electricity prices, terms of plans, and much more.

Average Energy Prices

The United States Energy Information Administration (EIA) tracks energy prices by state. Recent reports from the EIA show that the average residential energy rate in the U.S. is 12.80 cents per kilowatt-hour (KWH). The average rate for electricity in Maryland is 12.73 cents per kWh.

How to Compare MD Electric Suppliers

You can compare suppliers by looking at different energy rates, plans, and terms from electricity suppliers in your area. You can narrow down your choices based on brand, energy rates, plans, and terms. Be sure to choose an MD electric supplier that is licensed and offers rates and plans that will meet your energy consumption needs.

Here Are the Steps on How You Can Switch MD Electric Suppliers

  • First-time Consumers: If you are a first-time energy or gas consumer, you will have to create an account with your local utility company.
  • Contract Terms: If you already have services with your local utility or another MD electric supplier, it’s essential to determine whether or not you are under a contract with them. Some MD electricity suppliers charge termination fees if you switch to another supplier before the end of your service agreement.
  • Account Information: Make sure that you have your utility account number when switching to a new MD electric supplier. This will make the process smoother.
  • Leave the rest to your new energy supplier: Once you sign up with a new electric or gas supplier, they will take care of everything else to complete the switch. Just relax and enjoy the benefits.

What to Look for When Choosing Electricity Rates and Plans

While searching for Maryland electricity rates, consider that different options are available for residential and commercial consumers.

  • Fixed-rate plans: With fixed-rate plans, the rate you're charged for your electric use will remain something similar all through your service agreement. Fixed energy rates are typically offered for six months with a minimum of four billing cycles. MD electric suppliers can’t change the energy rate until the end of the fourth billing cycle. The supplier is required to notify energy consumers before making any changes.
  • Variable-rate plans: With variable-rate plans, MD electric suppliers can change their prices and terms month to month. These plans are more fit for short term needs.
  • Prepaid Plans: There may be a time when you’d rather pay for your power before you use it. At that point, rather than paying month to month, you will add funds to your account when it's required. Find out if Prepaid plans are offered in your service area.
  • Renewable Energy: In Maryland, energy suppliers can offer renewable energy options to consumers. You can help diminish your carbon impression by choosing Sunwave Wind, a Green E energy certified REC product offered by Sunwave Gas + Power for both residential and commercial consumers.

Questions You Should Ask an Energy Supplier Before Switching

  • Are you a licensed energy supplier with the state of Maryland?
  • Is there a contract? How long is your contract term?
  • What is the actual rate that I will be paying per KWH? Is this a fixed rate?
  • What other fees will I be charged by you as a supplier?
  • What is your early termination policy?
  • What if I move out of the service area?
  • What if I am active duty in the military and I get deployed?
  • What incentives, if any, do you offer for switching to your company?
  • What if someone switched my services to an MD electric supplier without my permission?

When Will Services With My New Md Electric Supplier Begin?

Your local utility company is in charge of connecting new services; they will determine scheduling availability. If you have existing services with your local utility company or an alternative electricity company, rest assured, there is not going to be a lapse in your electricity services. If you are moving to a new home and transferring services with a new electric supplier plan, be sure to plan ahead so that your services will begin at the time of your move.

Will I Have to Pay to Switch Electricity Suppliers?

MD energy suppliers won’t usually charge you an enrollment fee unless of course you are required to pay a security deposit. However, your local utility company may charge a small fee when you switch to a new MD electric supplier. To verify any fees associated with switching suppliers, contact your local utility company or ask the supplier of your choice.

Cancellation Fees for Maryland Electric Suppliers

Energy suppliers differ, and some plans offered in a contract may have cancellation fees for early termination. Depending on the state’s regulations, cancellation fees may be approved for alternative energy suppliers.

What Contract Terms Can I Expect From Alternative MD Electric Suppliers?

Every energy supplier has something different to offer. If you are interested in finding out the insights concerning what's in store with a specific energy rate, plan, and supplier, you can look at the Electricity Facts Label (EFL).

Your EFL will have detailed insights regarding your energy plan, including the base charge for power, utility charges, any extra expenses, charges, and credits, and average rates for 500, 1000, and 2000 kWh of utilization for each charging cycle. If you are having difficulty understanding the information, contact your energy supplier for assistance.

When Should I Switch MD Electric Suppliers?

You can make the switch between electric suppliers at any time that you feel appropriate. If there isn’t an urgent need to switch immediately, it’s recommended that you switch to a different MD electricity supplier when energy rates and demand are low, usually during the off-peak times. Rates are typically higher during the summer months due to an increase in energy consumption.

What Is My Energy Consumption?

To determine your energy consumption, pull out your old energy bills or look at your online billing history. You can see the amount of energy you have consumed every month over the previous year. Consider the summer months as they will probably have the highest energy consumption and be more costly.

In the event that you aren’t able to find your old energy bills, you can track your monthly energy consumption by reading your electricity meter that is located on your residential or commercial property.

Why Do MD Electric Suppliers Ask for My Social Security Number?

When you sign up for electricity services in Maryland, you will be asked to provide your social security number. Depending on your credit, the electric supplier may require you to pay a deposit. If you are required to pay a deposit, some MD electric suppliers can waive the deposit under limited circumstances.

Maryland Electricity Rates: Finding an Affordable Electric Supplier in Maryland

Sunwave Gas + Power offers consumers sensible low rate and payment term solutions for residential consumers. Every bill that you receive will state your price for the energy supply from Sunwave, with no hidden fees to worry about. Take a look at our prices and Sign-up now!

We also have incredible commercial products that are suitable for retail stores, office buildings, multi-residential properties, and small to medium-sized manufacturing facilities. Sunwave proudly offers our commercial consumers plans with the options of a fixed price or variable price with terms of 4 - 60 months.

As a small business consumer, you can sign up online and take advantage of a simple way to manage your electric generation supply costs. Take a look at our prices and Sign-up now!

Utility Companies That Distribute Electricity in Maryland

If you are having issues related to meter problems, power outages, emergencies, and other matters concerning the delivery of your electricity, please contact your local utility company.

Baltimore Gas & Electric
Customer Service: (800) 685-0123
Power Outages: (877) 778-2222

Choptank Electric Cooperative
Customer Service: (877) 892-0001
Power Outages: (800) 410-4790

Delmarva Power & Light
Customer Service: (800) 375-7117
Power Outages: (800) 898-8042

Potomac Electric Power
Customer Service: (202) 833-7500
Power Outages: (877) 737-2662

Potomac Edison
Customer Service: (800) 686-0011
Power Outages: (888) 544-4877

Southern Maryland Electric Cooperative
Customer Service: (888) 440-3311
Power Outages: (877) 747-6326

Other Topics

How do I sign up with an MD Electric supplier fast?

MD Electric Supplier- Comparing

Maryland Electricity Rates and Plan

Energy deregulation in Maryland

Take a look at what's available to you from alternative MD electric suppliers

Will I have to pay to switch electric suppliers?

Cancellation Fees for Maryland Energy Consumers

Renewable energy Certificates

Sunwave Cares

Interested in finding out more about your state’s average energy rate is?

Utilities that distribute electricity in Maryland

Contact Sunwave Gas + Power customer service team to speak with a member about our competitive energy rates and plans in Maryland. Power Your Universe with us today. 1-855-4SUNWAVE (1-855-478-6928) | Sunwave

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