Michigan Electricity Prices

Michigan sits mid-pack — 22.01¢ per kilowatt-hour in May 2026, 14th-highest of 51 and 13.4% above the national benchmark.

At Michigan's May 2026 average of 22.01¢/kWh, 10,500 kWh of annual use works out to $2,311 a year — around $193 a month. Running the same 10,500 kWh calculation at the May 2026 national benchmark rate gives $2,038 — a $273 gap between the two published averages, more for Michigan, not a bill either way.

Over the full EIA series the Michigan jurisdiction average has risen 172% since January 2001, from 8.08¢ to 22.01¢ in May 2026 — a compound 4.0% per year. The path has been unusually smooth — Michigan is among the steadiest third of jurisdictions month to month.

Yes. The May 2026 average of 22.01¢ per kilowatt-hour is the highest monthly figure Michigan has recorded across the EIA series, which begins in January 2001. The previous floor for the jurisdiction was 7.88¢ in December 2001.

August. Measured over the 25 complete calendar years the EIA series covers for Michigan, 2001 through 2025, August runs highest relative to its own year and January runs lowest — a swing of roughly 8.6 percentage points.

Among Michigan and its land-border neighbours in May 2026, Indiana posts the lowest average at 18.15¢ and Michigan the highest at 22.01¢. That makes Michigan the most expensive in the group, at 22.01¢.

Almost certainly not exactly, and this is the one caveat that governs every figure on this page. The published value is the EIA residential average across every utility and residential rate class in Michigan for May 2026 — a benchmark, never a billed amount. Even the jurisdiction figure is not one number — across the trailing year it moved between 19.52¢ in January 2026 and 22.01¢ in May 2026. Your own rate depends on your utility, tariff, usage tier, time-of-use schedule, and fixed monthly charges, none of which this index models. Read your bill for the rate that applies to you.