Electricity Rates in Laurium, MI
Electricity rates in Laurium, MI average 28.0¢/kWh — 57.5% above the national average of 17.78¢/kWh. Upper Peninsula Power Company is the primary electricity provider in the area.
Electricity Providers in Laurium
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Upper Peninsula Power Company | 28.0¢/kWh | 15.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 28.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Laurium
At 28.0¢/kWh, a typical Laurium household spends approximately $2976.96/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 Laurium
Charging an electric vehicle at home in Laurium costs approximately $252.00/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 Laurium, MI?
The average residential electricity rate in Laurium, MI is 28.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $248.08 for a typical household.
Who provides electricity in Laurium?
Laurium is served by 1 electricity provider. Upper Peninsula Power Company is the largest provider in the area.
How do Laurium electricity rates compare to the rest of Michigan?
Laurium's average rate of 28.0¢/kWh is 55.6% above the Michigan state average of 18.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.