Maryland commercial electricity rates

Analyst note

The Maryland commercial price sat above the U.S. average in 6 of 10 years; the gap was +0.36 ¢ in 2015 and +0.21 ¢ in 2024. In the 2024 ranking Maryland sits between Alabama (13.64 ¢) one place above and Wisconsin (12.63 ¢) one place below; the top of the list is 25.22 ¢ away and the bottom 5.77 ¢. Maryland was 13th in 2015 with 11.00 ¢ and is 15th now; a fall in the table. Maryland commercial prices rose in 4 of 9 years. The largest rise was +23.3% in 2022, and the largest fall -4.4% in 2019. The Maryland price peaked at 12.96 ¢ in 2024 and bottomed at 9.72 ¢ in 2020; 2024 is the peak and +33.3% from the low. Compounded, that is +1.84% a year in Maryland, -0.19 points against the U.S. Maryland buys 1.91% of all U.S. commercial electricity with 1.34% of the accounts, so the average Maryland account uses 1.43 times the national average.

A middle price: 12.96 ¢/kWh for Maryland commercial accounts, rank 15 of 51, +1.6% against the U.S. Maryland: +17.8% over nine years, or +1.8% a year, matching the national +19.8% by 2.0 points; 2022 was the biggest single move (+23.3%) and 2024 the high.

Last year's change in Maryland was +1.5% and still rising. Against the residential price of 17.86 ¢ the gap is 4.90 ¢. Commercial sales are 47.1% of Maryland electricity sold, and an average Maryland account used 8,852 kWh a month, an implied bill near $1,147.

Counting revenue instead of kWh, Maryland commercial accounts bring in 40.8% of Maryland sector revenue on 47.4% of the kWh, a discount of 6.6 points that comes from the price level: 12.96 ¢ here against 17.86 ¢ for residential and 10.01 ¢ for industrial accounts. The average Maryland commercial account uses 8,852 kWh a month, 4 of 51 among states on that measure; a residential account uses 0.10 times as much and an industrial account 3.55 times. Commercial accounts are 9.60% of the 2,722,508 accounts in Maryland.