LANSING, Mich (WLNS) — If you get your electricity from Consumers Energy, you could be seeing a hike in your bill soon.

On Wednesday, the Michigan Public Service Commission OK’d a $99 million rate increase for the utility company.

That means a residential customer who uses 500 kilowatt hours of electricity per month will see their monthly bill increase about $1.62.

The new rates take effect Thursday.

As part of the agreement reached, Consumers Energy has agreed to not file for another rate increase before Jan. 1, 2020.

The original version of this article appeared on WLNS.com.