DTE Electric Company late fee
Michigan · Investor Owned
DTE Electric Company charges 2% for a residential electric bill paid late.
- Percentage fee
- 2% of the past-due balance
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 41% of US utilities that charge a percentage fee
- Residential customers
- 2,067,758
Late fees versus bad debt, 2024
- Late-fee revenue
- $18,164,709 (FERC account 450, Forfeited Discounts)
- Written off
- $49,505,649 (FERC account 904, Uncollectible Accounts)
- Ratio
- 0.37x
Source: US Federal Energy Regulatory Commission, FERC Form 1, accounts 450 and 904 (18 CFR Part 101), retrieved via the Public Utility Data Liberation project. Municipal utilities and most cooperatives do not file Form 1, so no ratio is available for them.
Disconnections in 2024
- Disconnections
- 190,173 for non-payment
- Rate
- 9.21 per 100 residential customers
- Final notices
- 1,041,643
- Reconnections
- 152,204
Counts are disconnection events, not households. Source: US Energy Information Administration, Form EIA-112. See how this compares.
2% late fee on balance not paid by due date
Source: https://www.dteenergy.com/us/en/residential/billing-and-payments/faq/payments.html