Following Rep. Stevens’ Bill to Hold Utility Executives Accountable, DTE Announces Multi-Year Electricity Rate Freeze

Washington, DC — Today, DTE Energy announced a two-year consumer rate freeze following the introduction of Michigan Congresswoman Haley Stevens’ Stop Unfair Electricity Price Hikes Act.

“Michigan families are fed up with having to pay more and more for their electricity each year,” said Rep. Haley Stevens. “When Michiganders demanded action, I rolled up my sleeves and made it clear to utilities that they have to put Michigan consumers first.”

However, today’s rate freeze announcement notably does not cover current rate hike requests, meaning Michigan families could still be on the hook for higher electricity costs next year.

“While I’m encouraged to see movement toward relief for hardworking Michiganders, leaving existing hikes in place simply doesn’t go far enough. Michigan families are already paying some of the fastest rising electricity costs in the country,” said Rep. Stevens. “We need lasting protections. That’s why my legislation is about holding corporate utilities accountable, lowering costs for working families, and making sure no one has to choose between keeping the lights on and making ends meet.”

Over the past two decades, Michigan’s electricity rates have outpaced inflation and risen faster than in 46 other states. In that time, the average Michigan family has seen their annual electricity bill skyrocket by roughly $850.

Stevens’ legislation called for a three-year rate freeze on corporate utility bills, with penalties including withholding federal funding and cutting executive pay. Corporate utilities continue to raise costs on Michiganders while reporting strong profits and awarding massive compensation packages to their executives. In 2024, Michigan’s two largest corporate utilities paid more than $10 million each to their CEOs.
 

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