Last Updated: September 16th, 2020 at 12:12 pm
Read Time: 2 Minutes
Consumers Energy customers in Michigan will bear the brunt of an electricity rate increase after the state’s Public Service Commission approved the increase earlier this week.
Last May, Consumers filed for the rate increase “for the generation and distribution of electricity and requesting other regulatory approvals.” The end result is a net increase to Consumers customers of $99 million. For residential customers using 500 kilowatt hours of electricity a month, that means their monthly bill will increase by $1.62. The rate went into effect on Jan. 10.
As part of the rate increase, Consumers Energy agreed to spend at least $200 million annually on its electric distribution reliability capital program and $53 million annually on clearing vegetation and trimming trees around distribution lines. It’s also launching a PowerMIDrive pilot program, a three-year, $10 million effort to support the growing electric vehicle market in Michigan through new rates, rebates and customer education.
While Consumers’ work in supporting the electric vehicle market is a positive step for clean energy, Consumers’ need for an extra $99 million is just the latest instance that power rate increases routinely happen. As the power companies’ costs of doing business rise, those costs are often passed on to customers, who have no choice but to pay them.
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Please feel free to fill out the form below or contact POWERHOME SOLAR at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this program.