Electricity Inflation in Michigan

Electricity prices in Michigan have changed over time. This page summarizes historical price movement, current rate context, and how Michigan compares to national trends.

Current Electricity Price

The average residential electricity rate in Michigan is 19.91¢/kWh. At 900 kWh per month, that translates to an estimated bill of about $179.19.

See electricity cost in Michigan and average electricity bill in Michigan for more context.

Electricity Price Trend

Historical electricity price movement in Michigan:

1-year change: +6.0%
5-year change: +19.6%
5-year annualized: +3.60% per year

Price momentum: accelerating.

Full price history in Michigan — rate series, trends, and inflation metrics.

Rankings

Michigan appears in several electricity price rankings. See where Michigan ranks for price growth, volatility, and long-term trends:

1-Year Electricity Inflation — States ranked by 1-year price increase
5-Year Electricity Inflation — States ranked by 5-year price increase
25-Year Rate Growth (CAGR) — Long-term compound annual growth
5-Year Rate Volatility — Price stability over time
Electricity Price Trend — States where prices are rising fastest

National Context

Explore national electricity inflation trends and how all states compare:

Electricity Inflation in the United States — National hub for electricity price growth
Electricity Trends — National price trends and affordability
Electricity Insights — Most expensive and cheapest states

Explore more

Electricity Inflation | Electricity Trends | Price History | Knowledge Hub