The Stop Unfair Electricity Prices Act would give Michigan families a reprieve on electricity rate hikes for three years by imposing significant penalties on investor-owned utilities that raise rates.
She will give Michigan families a reprieve on electricity rate hikes for three years by penalizing investor-owned utilities that raise residential rates.
Occurrences
Evidence
Representative Haley M. Stevens (1983 - ) In Congress 2019 - Present; House Michigan, District 11 116th-119th (2019-Present). Member Activity: Sponsored Legislation [109].
FERC regulates the transmission and wholesale sale of electricity in interstate commerce. Areas outside FERC responsibility include regulating retail electricity and natural gas sales to consumers; many such areas are dealt with by state public utility commissions.
Michigan residential average electricity price: 19.30 cents/kWh in 2024 and 18.84 cents/kWh in 2023. Source: U.S. Energy Information Administration, Form EIA-861, Annual Electric Power Industry Report.
Axios reported that the Michigan Public Service Commission approved a $368.1 million annual DTE rate increase adding $6.51 to monthly bills starting Dec. 15, 2023.
Axios reported another MPSC-approved DTE hike, with the average customer's monthly electric bill increasing $4.61, or 4.65%, beginning Feb. 6, 2025.
Assessments
The promise was specific: a three-year reprieve from residential electricity rate hikes for Michigan families by penalizing investor-owned utilities that raise rates. The available evidence shows no enacted federal legislation or federal mechanism sponsored or materially advanced by Stevens that created such a penalty-backed reprieve. Retail residential electricity rates are primarily state-regulated, and Michigan investor-owned utility rate increases continued in 2023, 2024, and 2025. Because no serious matching federal legislative or executive attempt is identified, this is not a fulfilled promise and does not merit an effort badge.