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

DTE Electric electricity rates

What homes pay DTE Electric for electricity, from EIA.

Investor-owned utility, 2,085,559 homes in Michigan. EIA lists it as DTE Electric Company.

Headlines

Average price
22.0¢ a kWh
Up 9.5% on a year ago
Average bill
$137 a month
Up 10% on a year ago
Average use
623 kWh
A month. Michigan 630 kWh
Price rank in Michigan
2 of 8
1 is the most expensive

Over the 12 months to August 2026, DTE Electric homes paid 22.0¢ a kWh, against 21.3¢ across Michigan.

DTE Electric vs Michigan

DTE ElectricMichigan
Average price, 12 months to August 202622.0¢21.3¢
Price in August 202623.3¢23.0¢
Average monthly bill, 12 months$137$134
Bill in August 2026$182$172
Average monthly use623 kWh630 kWh
Price change, past year+9.5%+8.0%
Price change since 2019+36%+35%

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.

Up to and including August 2026