Maryland Retail Energy Overview:

Maryland’s residential retail energy market began in earnest in 2010. After terrible consumer outcomes, Maryland passed SB1 in May 2024. Residential families that chose retail energy paid $1.4 billion more for electricity and gas from 2014 to 2023.

SB1 will become effective on January 1, 2024. The law ensures that consumers can participate in retail choice and have rates meet or beat regulated rates.

Below is 2023’s market analysis comparing average regulated electricity rates to average retail energy electricity rates by supplier.