Michigan Electricity Rates (2026)
20.0¢/kWhstate average
23.5% above national averageUtilities in Michigan
Rate Outlook for Michigan
Michigan's average residential electricity rate is currently 20.0 cents/kWh. Under EIA's reference scenario, rates are projected to reach 23.6 cents/kWh by 2031 and 26.9 cents/kWh by 2036, a 34.4% change. Under the high oil price scenario, rates could reach 28.0 cents/kWh.
EIA projections for Michigan vs. actual observed rates
Projected residential electricity rates for Michigan (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 22.2 | 22.4 | 22.0 |
| 2027 | 21.4 | 21.7 | 21.4 |
| 2028 | 21.6 | 21.9 | 21.8 |
| 2029 | 22.2 | 22.4 | 22.4 |
| 2030 | 22.8 | 23.1 | 23.0 |
| 2031 | 23.6 | 24.0 | 24.0 |
| 2032 | 24.3 | 25.0 | 24.6 |
| 2033 | 25.3 | 26.0 | 25.5 |
| 2034 | 26.0 | 26.7 | 26.0 |
| 2035 | 26.5 | 27.4 | 26.5 |
| 2036 | 26.9 | 28.0 | 26.9 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to Michigan's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.