Summer Electric Rate Hikes Hit Consumers Across the US
Consumers Energy and DTE have increased their electricity rates during peak hours of the day, with Consumers increasing its price per kWh by 1.5 times during weekdays from 2-7 p.m. and DTE increasing its price per kWh from 16.75 cents to 20.98 cents during weekdays from 3-7 p.m. This is the first summer that DTE has implemented peak hour pricing, following the Michigan Public Service Commission's order to implement time-based pricing.