What to know about electricity rates in Greensboro, MD
- Greensboro residents pay 16.81 cents per kWh while the average national rate is 16.82 cents
- The cheapest electricity rate is 13.37 cents per kWh for Greensboro residents
- You can shop rates from 2 available providers in Greensboro
Best Greensboro, MD electricity rates
In the city of Greensboro, you can find electricity rates that range from 13.37 cents to 22.65 cents per kWh. The best electricity plans in Greensboro 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 Greensboro.
What is the cheapest electricity company in Greensboro, MD?
| Provider | Service | Rate (c/kWh) |
|---|---|---|
| Choptank Electric Cooperative | Bundled | 16.25 |
| Delmarva Power | Bundled | 21.67 |
Because Maryland has a deregulated electricity market, Greensboro 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. Greensboro electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Greensboro, Maryland
According to our data, the average electricity rate in Greensboro is 16.81 cents per kWh. This equates to an average residential bill of $170.82 per month. Our data also shows the average resident in Greensboro uses 1,016 kWh per month. Below, you can see how Greensboro's electricity rates compare to the averages in Maryland and the United States.
| Rate | Usage | Bill | |
|---|---|---|---|
| Greensboro Average | 16.81c | 1,016 kWh | $170.82 |
| Maryland Average | 19.53c | 905 kWh | $176.71 |
| United States Average | 16.82c | 875 kWh | $147.24 |
Since the average price is 16.81 cents per kWh or $170.82 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Greensboro, 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 Greensboro electricity plans. Below are our picks for the best residential plans in the state.
| Provider | Contract Term | Rate | Plan |
|---|---|---|---|
12 months | 8.35¢ /kWh | ||
24 months | 8.69¢ /kWh | ||
12 months | 8.80¢ /kWh | ||
12 months | 9.09¢ /kWh | ||
18 months | 9.19¢ /kWh | ||
24 months | 9.20¢ /kWh | ||
24 months | 9.39¢ /kWh | ||
12 months | 9.65¢ /kWh | ||
36 months | 9.68¢ /kWh | ||
12 months | 9.90¢ /kWh | ||
24 months | 10.05¢ /kWh | ||
12 months | 10.09¢ /kWh | ||
12 months | 10.10¢ /kWh | ||
18 months | 10.29¢ /kWh | ||
12 months | 10.30¢ /kWh | ||
24 months | 10.35¢ /kWh | ||
12 months | 10.42¢ /kWh | ||
12 months | 10.49¢ /kWh | ||
24 months | 10.49¢ /kWh | ||
24 months | 10.50¢ /kWh | ||
| See All Plans | |||
Compare Greensboro electricity providers
There are 2 electricity providers in Greensboro, 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 Greensboro
| Provider | Service Type | Rate (c/kWh) | Bill |
|---|---|---|---|
| Choptank Electric Cooperative | Bundled | 16.25 | $212.01 |
| Delmarva Power | Bundled | 21.67 | $209.80 |
Business electricity rates in Greensboro, MD
Commercial rates are typically cheaper than residential rates in Greensboro, 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 Greensboro pays 23.60 cents per kWh for electricity and has an average bill of $571.08 per month. They also use 2,419 kWh per month, which is a big increase from the residential average of 1,016 kWh.
| Rate | Usage | Bill | |
|---|---|---|---|
| Greensboro Average | 23.60c | 2,419 kWh | $571.08 |
| Maryland Average | 16.77c | 3,445 kWh | $577.63 |
| United States Average | 12.43c | 5,742 kWh | $713.88 |
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 Greensboro, Maryland.
| Provider | Contract Term | Rate | Plan |
|---|---|---|---|
3 months | 6.718¢ /kWh | ||
4 months | 6.759¢ /kWh | ||
2 months | 6.922¢ /kWh | ||
3 months | 6.969¢ /kWh | ||
4 months | 7.013¢ /kWh | ||
3 months | 7.019¢ /kWh | ||
5 months | 7.068¢ /kWh | ||
4 months | 7.071¢ /kWh | ||
1 months | 7.139¢ /kWh | ||
2 months | 7.141¢ /kWh | ||
2 months | 7.158¢ /kWh | ||
5 months | 7.300¢ /kWh | ||
1 months | 7.321¢ /kWh | ||
1 months | 7.332¢ /kWh | ||
5 months | 7.341¢ /kWh | ||
16 months | 7.741¢ /kWh | ||
12 months | 7.752¢ /kWh | ||
3 months | 7.757¢ /kWh | ||
3 months | 7.759¢ /kWh | ||
15 months | 7.769¢ /kWh | ||
| See All Plans | |||
How to switch your Greensboro 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 Greensboro, Maryland?
Timing your switch to a new energy provider in Greensboro 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
Greensboro'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 Greensboro, MD
You have four main types of plans when choosing an electricity plan in Greensboro'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 Greensboro electricity rates
Compare Greensboro electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 13.37 to 22.65 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 Greensboro, Maryland
- Ridgely, MD
- Denton, MD
- Felton, DE
- Camden, DE
- Centreville, MD
- Wyoming, DE
- Riverview CDP, DE
- Federalsburg, MD
- Easton, MD
- Rodney Village CDP, DE
Electricity rates for other cities
Greensboro, MD electricity rate FAQs
In Greensboro, 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.
Greensboro electricity rates currently average 16.81 cents per kWh, but you'll likely pay between 15 to 19 cents depending on your provider, location, and plan type.
Your Greensboro 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.
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.