What to know about electricity rates in Spencerville CDP, MD

  • Spencerville CDP residents pay 16.32 cents per kWh while the average national rate is 16.22 cents
  • The cheapest electricity rate is 20.50 cents per kWh for Spencerville CDP residents
  • You can shop rates from 2 available providers in Spencerville CDP

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Best Spencerville CDP, MD electricity rates

In the city of Spencerville CDP, you can find electricity rates that range from 20.50 cents to 20.92 cents per kWh. The best electricity plans in Spencerville CDP 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 Spencerville CDP.

What is the cheapest electricity company in Spencerville CDP, MD?

Provider Service Rate (¢/kWh)
Baltimore Gas & Electric Bundled 18.18
Potomac Electric Power Company Bundled 20.47

Because Maryland has a deregulated electricity market, Spencerville CDP 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. Spencerville CDP electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

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Average cost of electricity in Spencerville CDP, Maryland

According to our data, the average electricity rate in Spencerville CDP is 16.32 cents per kWh. This equates to an average residential bill of $143.08 per month. Our data also shows the average resident in Spencerville CDP uses 877 kWh per month. Below, you can see how Spencerville CDP's electricity rates compare to the averages in Maryland and the United States.

Rate Usage Bill
Spencerville CDP Average 16.32¢ 877 kWh $143.08
Maryland Average 18.10¢ 1,027 kWh $167.55
United States Average 16.22¢ 884 kWh $143.38

Since the average price is 16.32 cents per kWh or $143.08 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Spencerville CDP, 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 Spencerville CDP 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 Spencerville CDP electricity providers

There are 2 electricity providers in Spencerville CDP, 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 Spencerville CDP

Provider Service Type Rate (¢/kWh) Bill
Baltimore Gas & Electric Bundled 18.18 $161.44
Potomac Electric Power Company Bundled 20.47 $174.66
Showing 10 of 2 providers

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Business electricity rates in Spencerville CDP, MD

Commercial rates are typically cheaper than residential rates in Spencerville CDP, 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 Spencerville CDP pays 30.60 cents per kWh for electricity and has an average bill of $106,170 per month. They also use 3,469 kWh per month, which is a big increase from the residential average of 877 kWh.

Rate Usage Bill
Spencerville CDP Average 30.60¢ 3,469 kWh $1,061.70
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 Spencerville CDP, 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 Spencerville CDP 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 Spencerville CDP, Maryland?

Timing your switch to a new energy provider in Spencerville CDP 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

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Spencerville CDP'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 Spencerville CDP, MD

You have four main types of plans when choosing an electricity plan in Spencerville CDP'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 Spencerville CDP electricity rates

Compare Spencerville CDP 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.

Compare electricity plans

Electricity rates for cities near Spencerville CDP, Maryland

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Spencerville CDP, MD electricity rate FAQs

What is a good rate per kWh in Spencerville CDP?

In Spencerville CDP, 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 Spencerville CDP today?

Spencerville CDP electricity rates currently average 16.32 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 Spencerville CDP, MD right now?

Your Spencerville CDP 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.