Electricity Rates in Traverse city, MI
Traverse city, MI is in a deregulated electricity market with 3 providers available. The average residential rate is 16.0¢/kWh, 11.1% below the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Traverse city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cherryland Electric Coop Inc | 16.0¢/kWh | 12.0¢/kWh | Cooperative |
| City of Traverse City - (MI) | 13.0¢/kWh | 12.0¢/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 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Traverse city
At 16.0¢/kWh, a typical Traverse city household spends approximately $1701.12/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 Traverse city
Charging an electric vehicle at home in Traverse city costs approximately $144.00/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 Traverse city, MI?
The average residential electricity rate in Traverse city, MI is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Traverse city?
Traverse city is served by 3 electricity providers. Consumers Energy Co - (MI) is the largest provider in the area, though rates and availability vary by specific address.
How do Traverse city electricity rates compare to the rest of Michigan?
Traverse city's average rate of 16.0¢/kWh is 11.1% below the Michigan state average of 18.0¢/kWh. Residents enjoy some of the lower rates in the state.