Price of Electricity Up 85 Percent Since 2001
The residential cost of electricity in Michigan has jumped from 8.26 cents per kilowatt-hour in 2001 to 15.3 cents in 2016. That’s in part because Michigan has been shutting down less expensive coal plants and been moving toward renewable forms of energy that are more expensive, specifically solar and wind power.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.