Michigan electricity prices, August 2023
- Month
- August 2023, final
- File
- Form EIA-861M
- Price among 51
- 11th from the highest
The average residential price in Michigan was 19.57 cents per kilowatt-hour (kWh) in August 2023. Final
In August 2022, the price was 18.07 cents per kWh. The August 2023 price was 1.50 cents per kWh higher than the August 2022 price.
The US average was 15.91 cents per kWh in August 2023. In August 2023, Michigan had the 11th highest average residential price among the 50 states and the District of Columbia.
The average bill of a residential customer for the month was $132.96, for 680 kWh. A bill for one month changes with the season.
EIA marks this month as final. EIA adjusted the months of this year to the final Form EIA-861 data.
Average price of electricity to ultimate consumers represents the cost per unit of electricity sold and is calculated by dividing electric revenue from ultimate consumers by the corresponding sales of electricity.
The average price of electricity to ultimate consumers reported in this publication by sector represents a weighted average of consumer revenue and sales, and does not equal the per kWh rate charged by the electric power industry participant to the individual consumers.
EIA's words. Source: U.S. Energy Information Administration, Electric Power Monthly, Technical notes, section "Form EIA-861" (March 2024). "This publication" is the Electric Power Monthly.
In plain words: the average price is revenue divided by sales. It is not the rate on a rate schedule. The figures on this page are EIA's own state averages. Monthly data through .
Average price by sector
Cents per kWh
| Sector | Aug 2023 cents per kWh | Aug 2022 cents per kWh | Change percent | US, Aug 2023 cents per kWh |
|---|---|---|---|---|
| Residential | 19.57 | 18.07 | +8.3% | 15.91 |
| Commercial | 13.58 | 12.46 | +9.0% | 13.08 |
| Industrial | 8.13 | 8.46 | -3.9% | 8.90 |
| All sectors | 14.03 | 13.40 | +4.7% | 13.27 |
Sales, customers and bill
Residential, unless the row says all sectors
| Figure | Aug 2023 | Aug 2022 | Change percent |
|---|---|---|---|
| Residential sales | 3.1 TWh | 3.5 TWh | -13.3% |
| Sales, all sectors | 9.1 TWh | 9.7 TWh | -6.5% |
| Residential customers | 4,497,032 | 4,475,009 | +0.5% |
| Average residential bill (dollars in the month) | $132.96 | $142.27 | -6.5% |
| Average residential use (kWh in the month) | 680 | 787 | -13.6% |
| US residential price (cents per kWh) | 15.91 | 15.82 | +0.6% |
The 25 months to August 2023
Form EIA-861M
Michigan, residentialUS, residential
Where the figures come from
Source: U.S. Energy Information Administration, Form EIA-861M sales and revenue workbook (state by sector and month). EIA status of this month: final. The series runs through July 2026. The average price is revenue divided by sales. The average bill is residential revenue divided by residential customers. The annual figures of each utility are on the Michigan page.
Questions about August 2023 in Michigan
- What did businesses pay for electricity in Michigan in August 2023?
- The average commercial price was 13.58 cents per kWh. The average industrial price was 8.13 cents per kWh. The average for all sectors was 14.03 cents per kWh.
- How much electricity did residential customers in Michigan buy in August 2023?
- Residential customers bought 3.1 TWh of electricity in August 2023. One TWh is 1,000,000,000 kWh. The quantity was 13.3% lower than the quantity in August 2022.
- How many residential customers did Michigan have in August 2023?
- Michigan had 4,497,032 residential customers in August 2023. The number was 0.5% higher than the number in August 2022. A customer is one account or one meter, not one person.