Residential electricity price — Michigan

Michigan figure

Residential electricity price (Michigan figure) is 22.99¢ as of August 2026. That is up 4.49¢ (24.3%) since January 20, 2025 and up 3.71¢ (19.2%) versus the 2024 average, and up 2.26¢ year over year.

Latest

22.99¢

Since Jan 2025

▲ 4.49¢ (24.3%)

Since 2024 avg

▲ 3.71¢ (19.2%)

Year over year

▲ 2.26¢ (10.9%)

Rank: #17 of 61 states by price (highest = 1).