Upper Peninsula Power Company Electricity Rate per kWh (2024 EIA Data)

Upper Peninsula Power Company is an investor-owned electric utility that reports to the U.S. Energy Information Administration under utility number 19578. In 2024 it served 47,660 bundled residential customers in Michigan, and its average realised residential price was 27.64 cents per kWh: $67 million of residential revenue divided by 242,922 MWh of residential sales.

Across the other sectors, Upper Peninsula Power Company's 2024 average prices were 23.49 cents for commercial customers (6,139 accounts) and 9.05 cents for industrial customers (46 accounts). Industrial customers paid 18.59 cents less per kWh than households, a 67% discount that is typical of high-volume, high-voltage service. Michigan allows retail choice, so the customer base splits two ways: 47,660 residential customers took bundled service (energy plus delivery) at 27.64 cents per kWh, while 0 bought their energy from a competitive supplier and paid Upper Peninsula Power Company only for delivery, which averaged not reported for the wires portion.

Within Michigan, Upper Peninsula Power Company ranked number 6 of 30 utilities with bundled or delivery service by residential accounts served (47,660) and accounted for 0.73% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 19.30 cents per kWh, so Upper Peninsula Power Company's customers paid 8.34 cents above the Michigan average (+43.2%). For context, EIA's latest monthly figure for Michigan is 22.99 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.

EIA's service-territory file places Upper Peninsula Power Company in 11 Michigan counties: Alger, Baraga, Delta, Dickinson, Houghton, Iron, Keweenaw, Marquette, Menominee, Ontonagon, and Schoolcraft. On the grid side it operates in the RFC NERC region and the MISO market, and reported generation, buying transmission, distribution, and wholesale marketing as its activities. Balancing authority code: MISO.

Upper Peninsula Power Company is not among the utilities included in EIA's preliminary 2025 early release, so the 2024 final data is the most recent figure available for it.

The nearest other utilities in Michigan by service-territory centroid are Upper Michigan Energy Resources Corp. (14.9 miles away, 14.76 cents), City of Marquette (MI) (19.5 miles away, 16.96 cents), City of Negaunee (19.5 miles away, 21.72 cents), City of Norway (28.3 miles away, 17.06 cents), and Village of L'Anse (MI) (32.5 miles away, 16.82 cents).