Here is a comprehensive overview of the electric rate increases by major utility companies in Michigan over the past decade. This includes data from Consumers Energy, DTE Electric, and Upper Peninsula Power Company (UPPCo), with specific focus on dates, percentage changes, and rate impact for residential customers:
Consumers Energy
2024: 1.61% increase. Rate before: $95.09/month; after: $96.62/month for 500 kWh usage.
Source: Michigan Public Service Commission (MPSC)
Michigan.gov
.
2022: 6.7% increase. Rate before: $94.49/month; after: $100.81/month for 500 kWh.
Source: MPSC
Michigan.gov
.
DTE Electric
December 2023: 6.4% increase. Rate increase of $6.51 per month for the average residential customer, aimed at covering infrastructure improvements and renewable energy projects
Bridge Michigan
.
November 2022: 0.78% increase. Rate before: $108/month; after: $108.71/month for 500 kWh usage
Michigan.gov
.
May 2020: 4.7% increase. Rate before: $100.62/month; after: $105.38/month
DTE Energy
.
2019: 5.4% increase. Rate increase of $7.16 per month on average
Michigan.gov
.
2017: 4.3% increase. This rate hike focused on modernizing the electric grid and supporting renewable energy
DTE Energy
.
Upper Peninsula Power Company (UPPCo)
2023: 4.6% increase. Rate before: $137/month; after: $143.30/month.
Source: MPSC
Michigan.gov
.
2020: 6.1% increase. Rate before: $128/month; after: $135.82/month.
Source: Michigan.gov
Michigan.gov
.
These increases have been driven largely by infrastructure modernization, grid reliability improvements, and the integration of renewable energy sources, which are necessary to meet both customer demand and regulatory requirements. The Michigan Public Service Commission (MPSC) oversees these changes, balancing company requests with customer impact
Michigan.gov
DTE EnergyBridge Michigan
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