What to know
A $95 million rate hike was approved for Consumers Energy. This means residential customers can expect to start paying more this fall.
The rate increase will take effect Oct. 1, 2023. A typical residential customer using 100 ccf of natural gas monthly will see an increase of $4.20 on their bill, a 4.2% increase.
The utility company said the rate hike was needed to address capital infrastructure improvements, investment in technology and operational efficiency, and increased financing costs.