Electricity Rates in Gaithersburg, MD
Gaithersburg, MD is in a deregulated electricity market with 2 providers available. The average residential rate is 13.0¢/kWh, 8.3% above the Maryland average of 12.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Gaithersburg
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Potomac Electric Power Co | 15.0¢/kWh | 10.0¢/kWh | Investor Owned |
| The Potomac Edison Company | 9.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Gaithersburg
At 13.0¢/kWh, a typical Gaithersburg household spends approximately $1382.16/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Gaithersburg
Charging an electric vehicle at home in Gaithersburg costs approximately $117.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Maryland
Frequently Asked Questions
What is the average electricity rate in Gaithersburg, MD?
The average residential electricity rate in Gaithersburg, MD is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Gaithersburg?
Gaithersburg is served by 2 electricity providers. Potomac Electric Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Gaithersburg electricity rates compare to the rest of Maryland?
Gaithersburg's average rate of 13.0¢/kWh is 8.3% above the Maryland state average of 12.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.