Electricity Rates in Coldwater, MI
Coldwater, MI is in a deregulated electricity market with 2 providers available. The average residential rate is 17.0¢/kWh, 5.6% below the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Coldwater
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Coldwater Board of Public Util | 15.0¢/kWh | 14.0¢/kWh | Municipal |
| Consumers Energy Co - (MI) | 19.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Coldwater
At 17.0¢/kWh, a typical Coldwater household spends approximately $1807.44/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Coldwater
Charging an electric vehicle at home in Coldwater costs approximately $153.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Michigan
Frequently Asked Questions
What is the average electricity rate in Coldwater, MI?
The average residential electricity rate in Coldwater, MI is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Coldwater?
Coldwater is served by 2 electricity providers. Consumers Energy Co - (MI) is the largest provider in the area, though rates and availability vary by specific address.
How do Coldwater electricity rates compare to the rest of Michigan?
Coldwater's average rate of 17.0¢/kWh is 5.6% below the Michigan state average of 18.0¢/kWh. Residents enjoy some of the lower rates in the state.