Electricity rates — Indiana
EIA puts the average residential price in Indiana at 16.9¢ per kWh over the 12 months to June 2026, the 20th-highest of 51 against 17.9¢ for the US. The 4 ranked plans below come from utilities serving about 41% of its homes, so they are listed, not presented as the state's price. Retrieved September 23, 2026.
Every priced plan, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| B - Water Heating ServiceSouthern Indiana Gas & Elec Coflat rate · in effect since February 2017 · needs electric heating | $1,144.80 | −$731.52 | 9.5¢ |
| RS - Residential Service, Transitional CustomersSouthern Indiana Gas & Elec Copriced by season · tiered · in effect since May 2019 · older schedule, not ranked | $1,638.84 | −$237.48 | 13.7¢ |
| RS - Residential - 0 - 325 KWH per month✓ cheapestIndianapolis Power & Light Cotiered · in effect since August 2025 | $1,876.32 | — | 15.6¢ |
| RS - Residential Service, Standard CustomersSouthern Indiana Gas & Elec Coflat rate · in effect since May 2019 · older schedule, not ranked | $1,876.80 | +$0.48 | 15.6¢ |
| RS - Residential - over 325 KWH per monthIndianapolis Power & Light Cotiered · in effect since August 2025 | $1,930.32 | +$54.00 | 16.1¢ |
| RS - Residential Service TOUDuke Energy Indiana Inctime-of-use · in effect since January 2026 | $1,970.15 | +$93.83 | 16.4¢ |
| RS - Residential ServiceDuke Energy Indiana Inctiered · in effect since January 2026 | $2,010.36 | +$134.04 | 16.8¢ |
Cost across usage levels
The cheapest plan at each consumption level, showing whether the ranking holds as usage changes.
- 500 kWh/mo — cheapest $1,047.96 (RS - Residential - 0 - 325 KWH per month), dearest $1,178.76, a $130.80 spread
- 1,000 kWh/mo — cheapest $1,876.32 (RS - Residential - 0 - 325 KWH per month), dearest $2,010.36, a $134.04 spread
- 2,000 kWh/mo — cheapest $3,520.92 (RS - Residential Service), dearest $3,775.90, a $254.98 spread
What households in Indiana pay, by EIA's count
Over the 12 months to June 2026, residential electricity in Indiana averaged 16.9¢ per kWh, the 20th-highest of the 50 states and DC and 6% below the US average of 17.9¢. It sits between Colorado (16.5¢) and Delaware (17.6¢).
EIA lists 45 utilities serving homes in Indiana. By homes served, the largest 5 are Duke Energy Indiana, LLC (796,265), AES Indiana (469,499), Northern Indiana Pub Serv Co (430,648), Indiana Michigan Power Co (422,062), and Southern Indiana Gas & Elec Co (133,795). Member-owned cooperatives supply about 16% of its households.
Indiana homes used the most electricity in July and the least in April (2021–2025): a summer peak, 1.7 times the lightest month. October was the dearest month per kWh, 15% above January.
The utilities with a ranked plan on this page serve about 41% of Indiana's households: Duke Energy Indiana Inc (796,265), Indianapolis Power & Light Co (469,499). That is less than half the state, so the plans below describe those utilities, not Indiana; EIA's figure is the state's. Their median plan at 1,000 kWh a month works out to 16.3¢ per kWh.
| Average price, 12 months to June 2026 | 16.9¢ |
|---|---|
| Among the 50 states and DC | 32 of 51, 1 = lowest |
| US average, same months | 17.9¢ |
| Change on the 12 months before | ↑ +9.7% |
| Change over five years | ↑ +29.1% (US ↑ +34.7%) |
| Average price in 2001 | 6.9¢ |
| Households, 2024 | 3,056,214 |
| Average use per home | 901 kWh a month (US 872) |
| Average bill per home | $133.06 a month (US $143.64) |
Every year’s figure
| Year | Indiana | US |
|---|---|---|
| 2025 | 16.2¢ | 17.3¢ |
| 2024 | 14.8¢ | 16.5¢ |
| 2023 | 14.9¢ | 16.0¢ |
| 2022 | 14.6¢ | 15.0¢ |
| 2021 | 13.4¢ | 13.7¢ |
| 2020 | 12.8¢ | 13.2¢ |
| 2019 | 12.6¢ | 13.0¢ |
| 2018 | 12.3¢ | 12.9¢ |
| 2017 | 12.3¢ | 12.9¢ |
| 2016 | 11.8¢ | 12.5¢ |
| 2015 | 11.6¢ | 12.7¢ |
| 2014 | 11.5¢ | 12.5¢ |
| 2013 | 11.0¢ | 12.1¢ |
| 2012 | 10.5¢ | 11.9¢ |
| 2011 | 10.1¢ | 11.7¢ |
| 2010 | 9.6¢ | 11.5¢ |
| 2009 | 9.5¢ | 11.5¢ |
| 2008 | 8.9¢ | 11.3¢ |
| 2007 | 8.3¢ | 10.7¢ |
| 2006 | 8.2¢ | 10.4¢ |
| 2005 | 7.5¢ | 9.4¢ |
| 2004 | 7.3¢ | 8.9¢ |
| 2003 | 7.0¢ | 8.7¢ |
| 2002 | 6.9¢ | 8.4¢ |
| 2001 | 6.9¢ | 8.6¢ |
What a typical bill costs
At 1,000 kWh a month the 4 generally available plans here run from $1,876.32 on RS - Residential - 0 - 325 KWH per month to $2,010.36 on RS - Residential Service, with a median of $1,950.24.
Effective rates, bill divided by kilowatt-hours, span 15.6¢ to 16.8¢ per kWh at that usage.
What each provider costs
2 utilities serve customers across Indiana in this data. At 1,000 kWh a month the cheapest of them is Indianapolis Power & Light Co at $1,876.32 a year on RS - Residential - 0 - 325 KWH per month; the dearest is Duke Energy Indiana Inc at $1,970.15.
That is $93.83 a year between the best each provider offers.
Cheapest available plan by provider: Indianapolis Power & Light Co $1,876.32; Duke Energy Indiana Inc $1,970.15.
How the answer changes with usage
The cheapest plan in Indiana changes with consumption. At 500 kWh a month RS - Residential - 0 - 325 KWH per month wins at $1,047.96 a year; at 2,000 kWh RS - Residential Service wins at $3,520.92.
The penalty for a poor choice grows with usage: $130.80 a year at 500 kWh against $254.98 at 2,000 kWh.
How these plans are structured
Of 7 priceable plans: 4 tiered, 1 time-of-use, 1 priced by season, 2 flat-rate.
Fixed monthly charges run from $5.00 to $17.00.
Who provides these plans
These plans come from 3 utilities: Duke Energy Indiana Inc, Indianapolis Power & Light Co, Southern Indiana Gas & Elec Co.
The largest saving available here
Moving from RS - Residential Service to RS - Residential - 0 - 325 KWH per month saves $134.04 a year at 1,000 kWh a month, with no change in consumption.
What this does not cover
One of these plans prices by the hour, so its figure is marked lower confidence.
New to these terms? The methodology page explains tiered bands, time-of-use periods and fixed charges, and sets out exactly what the rate engine assumes.
Estimate — your actual bill may differ.
Tariff structures from NREL/OpenEI Utility Rate Database (CC0 1.0), retrieved September 23, 2026.
State prices from U.S. Energy Information Administration, electricity retail sales, Indiana, retrieved September 23, 2026; households and utilities from U.S. Energy Information Administration, Form EIA-861, 2024 (Sales_Ult_Cust_2024.xlsx), retrieved September 23, 2026. US Government public domain.