Maryland

Why is it like this in Maryland?

Maryland's residential electricity rate of about 22.4¢/kWh has risen sharply, driven primarily by PJM capacity auction prices clearing at record levels. BGE customers saw roughly $16/month added to electricity supply costs in June 2025. The Maryland PSC denied about half of BGE's reconciliation increase request, but additional increases are locked in through 2027 and PJM's 2025 capacity auction again cleared at the maximum allowable price. Despite the sharp PJM-driven rate increases, electricity is still the cheaper per-mile option for Maryland PHEV drivers at the January 2026 baseline — though continued capacity price increases locked in through 2027 are steadily eroding that margin.

In the news · Maryland

• Despite efforts by lawmakers, energy bills are going up again. Here's why.

  Maryland Matters · Jun 5, 2025

  BGE residential customers saw roughly a $16/month electricity rate increase on June 1, 2025, attributed to the PJM capacity auction clearing at an 800% premium — pushing Maryland's electricity supply rate higher and eroding but not yet eliminating the per-mile cost advantage of electric mode for PHEV owners.

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  Maryland regulator only grants BGE half of rate increase, bill hikes still on the way

  WYPR · Dec 29, 2025

  The Maryland PSC denied roughly half of BGE's requested reconciliation rate increase, limiting the immediate impact to about 72¢/month for electric customers, but additional increases were locked in through 2027 — signaling continued upward pressure on Maryland's electricity costs.

• Energy bills likely to tick up again in 2026 after electricity auction clears at maximum price

  Maryland Matters · Jul 23, 2025

  PJM's 2025 capacity auction cleared at the maximum allowable price, forecasting another 1.5–5% rise in Maryland electricity bills starting summer 2026 — a continuing trend that keeps electricity cost-per-mile uncomfortably close to gasoline for BGE and Pepco PHEV customers.

Curated coverage of Maryland's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

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