$300 Million decrease in electric bills! Power Supply savings credited back to customers!

DTE Energy’s residential electric customers are seeing a decrease in their bills beginning last month. DTE is reducing the Power Supply Cost Recovery mechanism (PSCR), which represents the actual cost of the fuel and other sources the company uses to produce electricity, by approximately $300 million through 2025. 
 
The reduction will reduce the average bill for residential customers by about $5.00 ($5.10) per month and took effect on Nov. 1, 2024. This reduction will automatically be posted to customer bills beginning with their November 2024 bill.   These savings will help offset the cost of future investments to improve reliability — reducing outages by 30% and cutting restoration times in half by the end of 2029.
 
DTE works hard every day to save our customers money. We are committed to keeping our operating costs as low as possible, while we build the electric grid of the future and eliminate the use of coal by 2032. Passing on these latest savings to our customers is a direct result of that work. 

Learn more about these bill credits by listening to this message from DTE’s Chief Operating Officer Joi Harris
Click Here to listen