Your Power Bill Is Going Up: DTE Raising Electric Rates Today

May 09, 2019 - 8:24 am

DETROIT (WWJ) - Get ready to pay more to keep your lights on.

Starting Thursday, rates are going up for customers who get electricity from DTE Energy after the Michigan Public Service Commission approved an overall $273.3 million rate increase.

Residential customers who use an average of 500 kilowatt hours of electricity a month will see bills increase by $6.19, or 8.69 percent. Commercial customers will see a 4.34 percent increase and rates for industrial customers will increase 2.5 percent.

DTE says the additional money will be put toward system upgrades and tree trimming.

Last year, electric rates were cut because of utility savings from a federal corporate income tax overhaul. The new rates are a 6.16 percent increase over those July 2018 rates, but are $203.3 million less than the $476.6 million total DTE had requested.

The Commission also approved a summer on-peak rate program, allowing for different rates from 4-9 p.m. on weekdays from June through September under a phased-in schedule using pilots to test rate options and customer response. DTE is also to explore a shadow billing option, which would allow customers to see how much they would pay under different rate structures.