Will Energy Prices Rise Or Fall In 2024 In Michigan. Michigan — gas is not expected to cost as much next year in michigan, according to a 2024 fuel price outlook that looks at current market conditions and speculates. The michigan public service commission (mpsc) on friday approved a rate increase for consumers energy which is projected to cost the average residential customer an.

Dte electric co.’s prices were 1.1% higher in 2021 than the year before, while consumers energy’s prices were. Demand for motor vehicle fuels, electricity and natural gas will continue to increase in 2022 even as prices for all three commodities are on the rise, according to the mpsc’s.