Table of Contents
- What to know aboout electricity rates in Takoma Park, Maryland
- Best Takoma Park, MD electricity rates
- Average cost of electricity in Takoma Park, Maryland
- Best electricity plans in Takoma Park
- Business electricity rates in Takoma Park, Maryland
- Best commercial electricity plans in Takoma Park
- How to switch Takoma Park, Maryland electricity companies
- How deregulated electricity works in Takoma Park
- Types of electricity plans in Takoma Park, Maryland
- Compare Takoma Park electricity rates
- Takoma Park, Maryland electricity rate FAQs
What to know about electricity rates in Takoma Park, MD
- Takoma Park residents pay 17.29 cents per kWh while the average national rate is 16.08 cents
- The cheapest electricity rate is 20.54 cents per kWh for Takoma Park residents
- You can shop rates from 1 available providers in Takoma Park
Best Takoma Park, MD electricity rates
In the city of Takoma Park, you can find electricity rates that range from 20.54 cents to 20.54 cents per kWh. The best electricity plans in Takoma Park 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 Takoma Park.
What is the cheapest electricity company in Takoma Park, MD?
Provider | Service | Rate (¢/kWh) |
---|---|---|
Potomac Electric Power Company | Bundled | 20.08 |
Because Maryland has a deregulated electricity market, Takoma Park 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. Takoma Park electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Takoma Park, Maryland
According to our data, the average electricity rate in Takoma Park is 17.29 cents per kWh. This equates to an average residential bill of $150.04 per month. Our data also shows the average resident in Takoma Park uses 868 kWh per month. Below, you can see how Takoma Park's electricity rates compare to the averages in Maryland and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Takoma Park Average | 17.29¢ | 868 kWh | $150.04 |
Maryland Average | 17.73¢ | 925 kWh | $159.99 |
United States Average | 16.08¢ | 871 kWh | $140.10 |
Since the average price is 17.29 cents per kWh or $150.04 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Takoma Park, 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 Takoma Park 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 Takoma Park electricity providers
There are 1 electricity providers in Takoma Park, 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 Takoma Park
Provider | Service Type | Rate (¢/kWh) | Bill |
---|---|---|---|
Potomac Electric Power Company | Bundled | 20.08 | $166.63 |
Business electricity rates in Takoma Park, MD
Commercial rates are typically cheaper than residential rates in Takoma Park, 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 Takoma Park pays 35.07 cents per kWh for electricity and has an average bill of $136,141 per month. They also use 3,881 kWh per month, which is a big increase from the residential average of 868 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Takoma Park Average | 35.07¢ | 3,881 kWh | $1,361.41 |
Maryland Average | 14.92¢ | 3,401 kWh | $507.33 |
United States Average | 12.05¢ | 5,603 kWh | $675.03 |
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 Takoma Park, 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 Takoma Park 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 Takoma Park, Maryland?
Timing your switch to a new energy provider in Takoma Park 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
Takoma Park'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 Takoma Park, MD
You have four main types of plans when choosing an electricity plan in Takoma Park'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 Takoma Park electricity rates
Compare Takoma Park 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.
Electricity rates for cities near Takoma Park, Maryland
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Electricity rates for other cities
Takoma Park, MD electricity rate FAQs
What is a good rate per kWh in Takoma Park?
In Takoma Park, Maryland, a good electricity rate falls between 16 cents to 18 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 Takoma Park today?
Takoma Park electricity rates currently average 17.29 cents per kWh, but you'll likely pay between 15 to 19 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Takoma Park, MD right now?
Your Takoma Park 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.