The study highlights the inefficiencies in Michigan’s regulated energy sector and recommends that legislative action is needed to control costs, reduce pollution and improve outcomes.
“Michigan has the highest electricity costs in the region, and it’s the role of the legislature to pass regulation to protect consumers and improve efficiencies,” Wolfram said. “On their own, Michigan’s monopoly utilities are not incentivized to make choices that are efficient. Through regulations and policy, the Michigan Legislature can make the market more efficient, reduce cost and increase economic activity.”