Regulated Market

Michigan Electricity Rates

Compare rates from 2 utilities serving Michigan. Find the best rates and learn how to save on your electricity bill.

Avg. Rate

17.9¢/kWh

Lowest Rate

17.5¢/kWh

Highest Rate

18.2¢/kWh

Customers

4.1M

Michigan Utilities
2 utilities ranked by average electricity rate
1

Consumers Energy

Lowest Rate

1.8 million customers

Time-of-Use RatesBudget BillingSolar Programs

17.5¢/kWh

+5.8% YoY
9% above

national avg

2

DTE Energy

2.3 million customers

Time-of-Use RatesBudget BillingPeak Time Savings

18.2¢/kWh

+6.5% YoY
14% above

national avg

Service Areas:

Market Overview

This state operates a regulated electricity market where your local utility provides both delivery and supply. Rates are set by the state public utility commission.

Money-Saving Tips
  • Enroll in Budget Billing to spread costs evenly throughout the year
  • Check for utility rebate programs on efficient appliances
  • Review your rate plan options - you may qualify for lower rates
  • Contact your utility about assistance programs if you're struggling to pay
Assistance Programs
  • 1Low Income Home Energy Assistance Program (LIHEAP)
  • 2Weatherization Assistance Program

Verify Your Bill

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Frequently Compared: Michigan City Rates

Compare electricity rates and utility providers across popular Michigan cities. Each city guide includes rate plans, bill breakdowns, and local assistance programs.