Michigan Electricity
2024 energy prices and generation data from the EIA
Residential Rate
19.30¢/kWh
Residential
19.30¢/kWh
4.5M customers
Commercial
14.01¢/kWh
564.6K customers
Industrial
8.26¢/kWh
5.8K customers
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2016 | 15.22¢/kWh | -1.2% |
| 2017 | 15.40¢/kWh | -0.3% |
| 2018 | 15.45¢/kWh | -1.8% |
| 2019 | 15.74¢/kWh | -3.2% |
| 2020 | 16.26¢/kWh | -7.3% |
| 2021 | 17.54¢/kWh | -1.8% |
| 2022 | 17.86¢/kWh | -5.2% |
| 2023 | 18.84¢/kWh | -2.4% |
| 2024 | 19.30¢/kWh | — |
Market Overview
Residential Revenue
$6466.1M
Commercial Revenue
$5210.0M
Residential Sales
33.5M MWh
Residential Customers
4.5M
Data from the U.S. Energy Information Administration (2024). Prices in cents per kilowatt-hour (kWh).