Maryland Electricity Rates (2026)
19.5¢/kWhstate average
20.2% above national averageUtilities in Maryland
Rate Outlook for Maryland
Maryland's average residential electricity rate is currently 19.5 cents/kWh. Under EIA's reference scenario, rates are projected to reach 23.0 cents/kWh by 2031 and 26.2 cents/kWh by 2036, a 34.5% change. Under the high oil price scenario, rates could reach 27.3 cents/kWh.
EIA projections for Maryland vs. actual observed rates
Projected residential electricity rates for Maryland (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 21.6 | 21.8 | 21.5 |
| 2027 | 20.8 | 21.1 | 20.8 |
| 2028 | 21.1 | 21.3 | 21.2 |
| 2029 | 21.6 | 21.8 | 21.8 |
| 2030 | 22.2 | 22.5 | 22.4 |
| 2031 | 23.0 | 23.4 | 23.3 |
| 2032 | 23.7 | 24.3 | 24.0 |
| 2033 | 24.7 | 25.3 | 24.8 |
| 2034 | 25.3 | 26.0 | 25.4 |
| 2035 | 25.8 | 26.6 | 25.8 |
| 2036 | 26.2 | 27.3 | 26.2 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to Maryland's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.