Electricity Rates in Owings, MD
Owings, MD is in a deregulated electricity market with 2 providers available. The average residential rate is 11.0¢/kWh, 8.3% below the Maryland average of 12.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Owings
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Baltimore Gas & Electric Co | 12.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Southern Maryland Elec Coop Inc | 10.0¢/kWh | 8.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Owings
At 11.0¢/kWh, a typical Owings household spends approximately $1169.52/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 Owings
Charging an electric vehicle at home in Owings costs approximately $99.00/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 Owings, MD?
The average residential electricity rate in Owings, MD is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Owings?
Owings is served by 2 electricity providers. Baltimore Gas & Electric Co is the largest provider in the area, though rates and availability vary by specific address.
How do Owings electricity rates compare to the rest of Maryland?
Owings's average rate of 11.0¢/kWh is 8.3% below the Maryland state average of 12.0¢/kWh. Residents enjoy some of the lower rates in the state.