Compare Today’s Best Plans in Frederick | SaveOnEnergy

Compare Frederick, Maryland Electricity Suppliers and Rates

Find affordable plans from Frederick’s best electric companies.

Compare current electricity rates in Frederick, Maryland

Maryland’s deregulated energy market allows Frederick residents to choose their energy plan and provider. This benefits consumers because they can compare rates and plans to find the best offer rather than defaulting to the local utility price. SaveOnEnergy aims to provide a convenient shopping experience where customers can sort through their options and sign up in minutes. Explore a few of our top energy plans in Frederick:

Frederick’s cheapest residential rates

Right now, the cheapest electricity rate in Frederick is 8.49 cents per kilowatt-hour (kWh) from Constellation Energy. Keep in mind that weather, supply and demand, delivery fees, and other market factors cause electricity rates to change frequently. It is best to enter your ZIP code on our marketplace to find today’s lowest rate for your location.

Energy suppliers vs utility companies

Energy suppliers and utility companies play distinct roles in deregulated states. In Maryland, you can choose your energy supplier but not your utility company. Let’s break down how these two companies differ.

Energy suppliers in Frederick

Energy suppliers, also called providers, are retail electric companies that compete for your business. They purchase electricity from power generators and sell it to customers through energy plans. Suppliers often have cheaper rates and unique incentives to gain your business. A few top Frederick providers include Constellation Energy, Public Power, and Direct Energy.

You can browse available energy providers in Frederick by entering your ZIP code on our independent marketplace.

The role of utility companies

Before energy deregulation, everyone purchased electricity from their local utility company. Now, Maryland residents can choose to purchase energy from their utility or an alternate provider. Utility companies are responsible for the power grid and delivering electricity to homes and businesses. Potomac Edison is the utility company assigned to Frederick, Maryland. You’ll want to contact Potomac Edison in the event of a power outage to report the issue and receive updates on when electricity will be restored.

What is the price to compare?

Utility companies set a baseline rate for electricity, known as the price to compare (PTC). This price may also be referred to as the Standard Offer Service (SOS) rate, depending on your utility. Use this rate to determine if providers in your area are offering a cheaper electricity rate than your utility. Potomac Edison’s current PTC is 9.302 cents per kWh.

Find the best electricity rates in Frederick, Maryland

SaveOnEnergy makes shopping and signing up for an electricity plan easy. Here’s how to use our marketplace to find your next power plan.

Once you’ve completed those steps, your new provider will set up your account and activate your electricity. Remember to read the Terms of Service (TOS), which contains important details regarding your energy plan.

How to switch providers

If you want to switch your energy provider, SaveOnEnergy can help you find a new plan. Simply enter your ZIP code to explore new providers and sign up online. However, providers often charge an early cancellation fee if you end your contract early. Check your current plan’s details to determine if this applies to you. Otherwise, you can sign up in minutes, and your new provider will handle switching your service.

Types of deregulated energy plans

Knowing which plan is right for you can be challenging. Read about some of the most common deregulated energy plan types you’ll likely encounter while shopping.

Fixed-rate plans

Fixed-rate energy plans contain a set electricity rate for your entire contract. This is a popular option because it provides predictable electricity bills. However, this option requires you to commit to a contract, often between 12 to 36 months.

Variable-rate plans

Variable-rate energy plans are a flexible option for your power. There is no contract involved, so you can cancel anytime. However, the electricity rate under this plan can change monthly since it is tied to the energy market. This means your electricity bills are less predictable, and you may be subject to rate spikes. We recommend using this plan type as a short-term option if necessary.

No-deposit plans

Many providers require a deposit to begin service if you do not reach a credit limit. If you want to skip the upfront cost, search for a no-deposit plan. This option allows you to prepay for your electricity and add funds when necessary.

Green electricity

If you want to reduce your household’s carbon footprint, consider a green energy plan. Many providers will purchase renewable energy credits on your behalf to match your energy consumption. You can easily filter for renewable energy on our marketplace if this option interests you.

Frederick energy FAQs