Bills for DTE Energy’s residential electric customers are going down just in time for the warmer weather to finally find its way into Michigan. The Michigan Public Service Commission’s recent electric rate order provides DTE $65 million to upgrade infrastructure while allowing the company to keep customer bills below the national average.
We are committed to making your energy not only cleaner, safer and more reliable, but also more affordable. In fact, month-over-month – from April to May – average residential electric bills are decreasing about 2 percent. This includes the adjustment to the base rate, along with changes to some surcharges on customer bills. More good news will be coming this fall when the reduction in the corporate tax rate means we will be able to lower electric and gas rates for our customers by about 3 percent. (Confused about those charges on your bill? Check out our video that explains it all.)
As we work hard to manage our costs, we continue to focus on upgrading electric infrastructure to improve service quality and reliability. Proactive work on the energy grid prevents equipment failures, minimizes outages and is less expensive for customers than repairing problems as they happen. While we cannot control extreme weather, we are hardening our infrastructure to help reduce the impact of major storms on our energy grid. Our investments in tree trimming, smart technologies, best-in-class substation equipment, new and stronger utility poles and other upgrades have resulted in 70 percent more reliable power for customers where the work has been completed.
We will continue to look for efficient ways to work and keep bills affordable while we upgrade and strengthen our infrastructure – a long-term investment that will improve the quality of power our customers receive, positively impact Michigan’s economy and prepare communities for the future with high quality, reliable energy.