NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in Michigan

What homes in Michigan pay for electricity, from EIA.

Headlines

Average price
21.3¢ a kWh
Up 8.0% on a year ago
Average bill
$134 a month
Up 7.8% on a year ago
Average use
630 kWh
A month. US 875 kWh
Price rank
13 of 51
1 is the most expensive

Over the 12 months to August 2026, Michigan homes paid 21.3¢ a kWh, against a US average of 18.0¢.

Michigan vs the US

MichiganUS
Average price, 12 months to August 202621.3¢18.0¢
Price in August 202623.0¢18.2¢
Average monthly bill, 12 months$134$158
Bill in August 2026$172$209
Average monthly use630 kWh875 kWh
Price change, past year+8.0%+6.5%
Price change since 2019+35%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in Michigan

Past 12 months, utilities with 10,000 homes or more. These utilities serve 90% of homes in Michigan; smaller utilities serve the rest.

DTE ElectricInvestor-owned22.0¢+9.5%$1372,085,559
Consumers EnergyInvestor-owned21.7¢+8.0%$1391,666,844
Indiana Michigan Power (AEP)Investor-owned16.7¢-5.5%$136113,556
City of LansingMunicipal21.0¢+9.1%$11187,759
Upper Peninsula PowerInvestor-owned28.6¢+4.0%$12947,930
Cloverland Electric CooperativeCooperative14.5¢+2.0%$10636,086
Upper Michigan Energy ResourcesInvestor-owned18.4¢+10%$10733,416
Alpena PowerInvestor-owned18.7¢-0.5%$10313,726

Heating fuels in Michigan: heating oil, propane.