Michigan’s electricity costs for industrial users were 0.7¢ lower than the “Top Ten” average in 2015, following a 0.5¢ decrease, while the average for “Top Ten” states rose by 0.1¢. Electricity costs for industrial customers in Michigan are higher than those in all peer states except Massachusetts and California, and are equal to the national average.
What It Is: Price per kilowatt-hour (kwh) of electricity for industrial users (1 = best, 50 = worst).
Why It Matters: Maintaining competitive energy costs contributes to a state’s attractiveness to businesses.
Note: 2016 rates are based on monthly reported data through August.