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Electricity prices in Michigan this week

23.0¢ per kWh
11% above a year ago
19% above the five-year average

EIA residential average for August 2026, published monthly, about two months behind.

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Five-year price history, EIA. Dashed line is the five-year average.

What this price means for your bill

At 23.0 ¢ per kWh, a 1,000 kWh month costs about $230. Burned in a cold-climate air-source running at 250% efficiency, that is $26.95 per million BTU of heat delivered into the house, which is the number to use when comparing against anything else.

At 19% above its five-year average, this is an expensive stretch for electricity. If your tank can wait, partial deliveries keep you flexible; locking a full-season contract at this level means betting prices stay high. Compared with the same week last year it is 11% higher. We don't forecast prices. What we can tell you is where this week sits against history, and how the fuel compares with the alternatives at today's numbers.

How electricity compares in Michigan right now

Cost per million BTU delivered, at this week's Michigan prices and typical equipment efficiencies. The cheapest option is natural gas at $11.20, if a gas main runs past your house.

Pellet, cordwood and kerosene prices are national averages; everything else is the Michigan figure. Change any price or efficiency in the calculator.

Shopping for electricity? Dealer prices in the same town routinely differ by 30 to 60 cents a gallon, and the state average above is just that, an average. Get two or three quotes before you fill.

Thinking about switching? Run your own numbers in the calculator, or see how a heat pump compares on the electricity comparison page.

Electricity prices in other states