Table of Contents
- What to know aboout electricity rates in Hampstead, Maryland
- Best Hampstead, MD electricity rates
- Average cost of electricity in Hampstead, Maryland
- Best electricity plans in Hampstead
- Business electricity rates in Hampstead, Maryland
- Best commercial electricity plans in Hampstead
- How to switch Hampstead, Maryland electricity companies
- How deregulated electricity works in Hampstead
- Types of electricity plans in Hampstead, Maryland
- Compare Hampstead electricity rates
- Hampstead, Maryland electricity rate FAQs
What to know about electricity rates in Hampstead, MD
- Hampstead residents pay 15.62 cents per kWh while the average national rate is 16.22 cents
- The cheapest electricity rate is 20.50 cents per kWh for Hampstead residents
- You can shop rates from 1 available providers in Hampstead
Best Hampstead, MD electricity rates
In the city of Hampstead, you can find electricity rates that range from 20.50 cents to 20.50 cents per kWh. The best electricity plans in Hampstead for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Hampstead.
What is the cheapest electricity company in Hampstead, MD?
Provider | Service | Rate (¢/kWh) |
---|---|---|
Baltimore Gas & Electric | Bundled | 18.18 |
Because Maryland has a deregulated electricity market, Hampstead residents have the flexibility to shop around for a cheaper electricity bill. Many states don’t offer this choice. If you’re looking to reduce your energy bill, consider switching to a different provider or plan. Hampstead electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Hampstead, Maryland
According to our data, the average electricity rate in Hampstead is 15.62 cents per kWh. This equates to an average residential bill of $137.80 per month. Our data also shows the average resident in Hampstead uses 882 kWh per month. Below, you can see how Hampstead's electricity rates compare to the averages in Maryland and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Hampstead Average | 15.62¢ | 882 kWh | $137.80 |
Maryland Average | 18.10¢ | 1,073 kWh | $167.55 |
United States Average | 16.22¢ | 884 kWh | $143.38 |
Since the average price is 15.62 cents per kWh or $137.80 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Hampstead, Maryland depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.
Best electricity plans
We've analyzed the prices, terms, and conditions of popular Hampstead electricity plans. Below are our picks for the best residential plans in the state.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
12 months | 8.35¢/kWh | See Plan | |
24 months | 8.69¢/kWh | See Plan | |
12 months | 8.80¢/kWh | See Plan | |
12 months | 9.09¢/kWh | See Plan | |
18 months | 9.19¢/kWh | See Plan | |
24 months | 9.20¢/kWh | See Plan | |
24 months | 9.39¢/kWh | See Plan | |
12 months | 9.65¢/kWh | See Plan | |
36 months | 9.68¢/kWh | See Plan | |
12 months | 9.90¢/kWh | See Plan | |
24 months | 10.05¢/kWh | See Plan | |
12 months | 10.09¢/kWh | See Plan | |
12 months | 10.10¢/kWh | See Plan | |
18 months | 10.29¢/kWh | See Plan | |
12 months | 10.30¢/kWh | See Plan | |
24 months | 10.35¢/kWh | See Plan | |
12 months | 10.42¢/kWh | See Plan | |
12 months | 10.49¢/kWh | See Plan | |
24 months | 10.49¢/kWh | See Plan | |
24 months | 10.50¢/kWh | See Plan | |
12 months | 10.59¢/kWh | See Plan | |
18 months | 10.69¢/kWh | See Plan | |
24 months | 10.79¢/kWh | See Plan | |
12 months | 10.80¢/kWh | See Plan | |
24 months | 10.80¢/kWh | See Plan | |
24 months | 10.89¢/kWh | See Plan | |
24 months | 10.99¢/kWh | See Plan | |
36 months | 10.99¢/kWh | See Plan | |
24 months | 11.30¢/kWh | See Plan | |
36 months | 11.39¢/kWh | See Plan | |
36 months | 11.59¢/kWh | See Plan | |
36 months | 11.89¢/kWh | See Plan | |
36 months | 12.39¢/kWh | See Plan | |
24 months | 12.49¢/kWh | See Plan | |
24 months | 12.59¢/kWh | See Plan | |
36 months | 13.39¢/kWh | See Plan | |
36 months | 13.89¢/kWh | See Plan | |
24 months | 13.99¢/kWh | See Plan | |
24 months | 14.09¢/kWh | See Plan | |
36 months | 16.09¢/kWh | See Plan | |
24 months | 16.29¢/kWh | See Plan | |
36 months | 17.59¢/kWh | See Plan | |
24 months | 17.79¢/kWh | See Plan | |
24 months | 68.0¢/kWh | See Plan | |
12 months | 68.9¢/kWh | See Plan | |
12 months | 69.8¢/kWh | See Plan | |
24 months | 70.3¢/kWh | See Plan | |
24 months | 77.0¢/kWh | See Plan | |
12 months | 77.9¢/kWh | See Plan | |
12 months | 78.8¢/kWh | See Plan | |
24 months | 79.3¢/kWh | See Plan | |
36 months | 97.9¢/kWh | See Plan | |
36 months | $1.13/kWh | See Plan | |
24 months | $1.20/kWh | See Plan | |
24 months | $1.35/kWh | See Plan | |
See All Plans |
Compare Hampstead electricity providers
There are 1 electricity providers in Hampstead, MD. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.
Residential Electricity Providers in Hampstead
Provider | Service Type | Rate (¢/kWh) | Bill |
---|---|---|---|
Baltimore Gas & Electric | Bundled | 18.18 | $161.44 |
Business electricity rates in Hampstead, MD
Commercial rates are typically cheaper than residential rates in Hampstead, Maryland because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Hampstead pays 27.56 cents per kWh for electricity and has an average bill of $89,257 per month. They also use 3,239 kWh per month, which is a big increase from the residential average of 882 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Hampstead Average | 27.56¢ | 3,239 kWh | $892.57 |
Maryland Average | 15.25¢ | 3,468 kWh | $528.97 |
United States Average | 12.14¢ | 5,654 kWh | $686.54 |
Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.
Best commercial electricity plans
Below are the top commercial electricity plans in Hampstead, Maryland.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
3 months | 6.718¢/kWh | See Plan | |
4 months | 6.759¢/kWh | See Plan | |
2 months | 6.922¢/kWh | See Plan | |
3 months | 6.969¢/kWh | See Plan | |
4 months | 7.013¢/kWh | See Plan | |
3 months | 7.019¢/kWh | See Plan | |
5 months | 7.068¢/kWh | See Plan | |
4 months | 7.071¢/kWh | See Plan | |
1 months | 7.139¢/kWh | See Plan | |
2 months | 7.141¢/kWh | See Plan | |
2 months | 7.158¢/kWh | See Plan | |
5 months | 7.300¢/kWh | See Plan | |
1 months | 7.321¢/kWh | See Plan | |
1 months | 7.332¢/kWh | See Plan | |
5 months | 7.341¢/kWh | See Plan | |
16 months | 7.741¢/kWh | See Plan | |
12 months | 7.752¢/kWh | See Plan | |
3 months | 7.757¢/kWh | See Plan | |
3 months | 7.759¢/kWh | See Plan | |
15 months | 7.769¢/kWh | See Plan | |
4 months | 7.771¢/kWh | See Plan | |
4 months | 7.781¢/kWh | See Plan | |
17 months | 7.782¢/kWh | See Plan | |
11 months | 7.786¢/kWh | See Plan | |
6 months | 7.812¢/kWh | See Plan | |
14 months | 7.830¢/kWh | See Plan | |
10 months | 7.844¢/kWh | See Plan | |
12 months | 7.855¢/kWh | See Plan | |
13 months | 7.865¢/kWh | See Plan | |
2 months | 7.878¢/kWh | See Plan | |
2 months | 7.908¢/kWh | See Plan | |
9 months | 7.921¢/kWh | See Plan | |
16 months | 7.926¢/kWh | See Plan | |
11 months | 7.928¢/kWh | See Plan | |
3 months | 7.930¢/kWh | See Plan | |
4 months | 7.935¢/kWh | See Plan | |
15 months | 7.942¢/kWh | See Plan | |
18 months | 7.945¢/kWh | See Plan | |
18 months | 7.952¢/kWh | See Plan | |
17 months | 7.962¢/kWh | See Plan | |
4 months | 7.969¢/kWh | See Plan | |
23 months | 7.983¢/kWh | See Plan | |
22 months | 7.985¢/kWh | See Plan | |
14 months | 7.988¢/kWh | See Plan | |
10 months | 7.997¢/kWh | See Plan | |
12 months | 8.000¢/kWh | See Plan | |
21 months | 8.013¢/kWh | See Plan | |
13 months | 8.016¢/kWh | See Plan | |
4 months | 8.020¢/kWh | See Plan | |
12 months | 8.023¢/kWh | See Plan | |
1 months | 8.026¢/kWh | See Plan | |
3 months | 8.026¢/kWh | See Plan | |
6 months | 8.034¢/kWh | See Plan | |
5 months | 8.037¢/kWh | See Plan | |
16 months | 8.038¢/kWh | See Plan | |
8 months | 8.048¢/kWh | See Plan | |
11 months | 8.048¢/kWh | See Plan | |
24 months | 8.049¢/kWh | See Plan | |
1 months | 8.050¢/kWh | See Plan | |
15 months | 8.056¢/kWh | See Plan | |
20 months | 8.056¢/kWh | See Plan | |
12 months | 8.059¢/kWh | See Plan | |
5 months | 8.059¢/kWh | See Plan | |
28 months | 8.059¢/kWh | See Plan | |
3 months | 8.060¢/kWh | See Plan | |
27 months | 8.067¢/kWh | See Plan | |
19 months | 8.071¢/kWh | See Plan | |
17 months | 8.076¢/kWh | See Plan | |
26 months | 8.089¢/kWh | See Plan | |
25 months | 8.090¢/kWh | See Plan | |
29 months | 8.096¢/kWh | See Plan | |
2 months | 8.099¢/kWh | See Plan | |
6 months | 8.099¢/kWh | See Plan | |
24 months | 8.106¢/kWh | See Plan | |
9 months | 8.107¢/kWh | See Plan | |
14 months | 8.107¢/kWh | See Plan | |
10 months | 8.117¢/kWh | See Plan | |
12 months | 8.118¢/kWh | See Plan | |
7 months | 8.126¢/kWh | See Plan | |
18 months | 8.126¢/kWh | See Plan | |
23 months | 8.128¢/kWh | See Plan | |
22 months | 8.133¢/kWh | See Plan | |
12 months | 8.135¢/kWh | See Plan | |
13 months | 8.145¢/kWh | See Plan | |
21 months | 8.171¢/kWh | See Plan | |
9 months | 8.181¢/kWh | See Plan | |
5 months | 8.188¢/kWh | See Plan | |
2 months | 8.193¢/kWh | See Plan | |
24 months | 8.195¢/kWh | See Plan | |
5 months | 8.196¢/kWh | See Plan | |
30 months | 8.200¢/kWh | See Plan | |
18 months | 8.227¢/kWh | See Plan | |
20 months | 8.229¢/kWh | See Plan | |
27 months | 8.229¢/kWh | See Plan | |
28 months | 8.229¢/kWh | See Plan | |
18 months | 8.231¢/kWh | See Plan | |
25 months | 8.239¢/kWh | See Plan | |
18 months | 8.241¢/kWh | See Plan | |
6 months | 8.242¢/kWh | See Plan | |
26 months | 8.242¢/kWh | See Plan | |
See All Plans |
How to switch your Hampstead electricity provider
Since Maryland's Electric Customer Choice and Competition Act passed in 1999, residents have gained the power to choose their electricity supplier rather than being locked into their local utility company.
Switching your electricity provider involves five straightforward steps:
- Compare rates from multiple suppliers using resources like MD Electric Choice website
- Select a plan that matches your needs (fixed-rate, variable-rate, or renewable)
- Enroll with your chosen supplier, who'll manage the change
- Review and confirm the written agreement from your supplier
- Wait 1-2 billing cycles for plan activation
You'll need to provide at least 72 hours notice for any service changes, and your local utility company will continue handling power distribution and infrastructure.
Best time to switch electric companies in Hampstead, Maryland?
Timing your switch to a new energy provider in Hampstead can considerably impact your potential savings and service experience.
Your best opportunities to switch include:
- Before peak seasons (summer/winter) to lock in better rates
- During your contract renewal period to avoid rate increases
- When market prices show favorable trends
- Outside extreme weather periods when rates tend to spike
Hampstead's deregulated electricity market
The state's 1999 Electric Customer Choice and Competition Act divided the electricity industry into three segments:
- Generation: Multiple companies compete to produce power
- Transmission: High-voltage lines regulated by federal authorities
- Distribution: Local utilities maintain power lines to your home
Under this system, you can choose your electricity supplier while your local utility continues delivering power through their infrastructure.
When you don't select a retail supplier, you'll receive Standard Offer Service (SOS) from your utility at regulated rates.
Types of electricity plans in Hampstead, MD
You have four main types of plans when choosing an electricity plan in Hampstead's deregulated market.
Fixed-rate plans offer stable pricing throughout your contract term, making budgeting easier and typically providing the most cost-effective option.
Variable-rate plans allow suppliers to adjust prices at their discretion, offering flexibility but less predictability.
If you prefer to manage costs upfront, prepaid plans let you purchase electricity in advance, though you'll need to monitor usage carefully.
For environmentally conscious consumers, renewable energy plans match your usage with Renewable Energy Certificates, with options ranging from 25% to 100% clean energy sources.
Compare Hampstead electricity rates
Compare Hampstead electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 21 to 21 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.
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Hampstead, MD electricity rate FAQs
What is a good rate per kWh in Hampstead?
In Hampstead, Maryland, a good electricity rate falls between 15 cents to 17 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.
What are electric rates in Hampstead today?
Hampstead electricity rates currently average 15.62 cents per kWh, but you'll likely pay between 14 to 18 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Hampstead, MD right now?
Your Hampstead electricity costs can rise due to power plant closures and grid challenges. Customers pay extra because of PJM auction price spikes, transmission limitations, and clean energy program fees.
Will electricity get cheaper in the future?
Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.