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 3 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.
- Average price
- 16.9¢ per kWh
- 12 months to June 2026
- Against the 12 months before
- +9.7%
- The 11th-largest rise of the 50 states
- Average bill
- $159 a month
- 12 months to June 2026, up 11.4% on the 12 months before, and homes used 1.6% more
Every priced plan in Indiana, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| RS - Residential - over 325 KWH per month✓ cheapestIndianapolis Power & Light Cotiered · in effect since August 2025 | $1,930.32 | — | 16.1¢ |
| RS - Residential ServiceDuke Energy Indiana Inctiered · in effect since January 2026 | $2,010.36 | +$80.04 | 16.8¢ |
| RS - Residential Service TOUDuke Energy Indiana Inctime-of-use · in effect since January 2026 | $2,044.76 | +$114.44 | 17.0¢ |
| Priced but not ranked — restricted, older, or not verifiable as a bill | |||
| B - Water Heating ServiceSouthern Indiana Gas & Elec Coflat rate · in effect since February 2017 · needs electric heating | $1,144.80 | −$785.52 | 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 | −$291.48 | 13.7¢ |
| RS - Residential - 0 - 325 KWH per monthIndianapolis Power & Light Cotiered · in effect since August 2025 · needs a household using 0 to 325 kWh a month | $1,876.32 | −$54.00 | 15.6¢ |
| RS - Residential Service, Standard CustomersSouthern Indiana Gas & Elec Coflat rate · in effect since May 2019 · older schedule, not ranked | $1,876.80 | −$53.52 | 15.6¢ |
The cheapest plan in Indiana at each level of use
- 500 kWh/mo — cheapest $1,101.96 (RS - Residential - over 325 KWH per month), dearest $1,178.76, a $76.80 range
- 1,000 kWh/mo — cheapest $1,930.32 (RS - Residential - over 325 KWH per month), dearest $2,044.76, a $114.44 range
- 2,000 kWh/mo — cheapest $3,520.92 (RS - Residential Service), dearest $3,925.12, a $404.20 range
What households in Indiana pay, by EIA's count
Indiana 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 16.8¢ 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, 2024 | 901 kWh a month (US 872) |
| Average bill per home, 2024 | $133.06 a month (US $143.64) |
Chart of this for reuse (PNG), free to republish under CC BY 4.0 with credit to WattClear.
Every year’s figure for Indiana
| 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¢ |
Highest in July, $172; lowest in April, $107.
Every month’s bill in Indiana
| Month | Average bill |
|---|---|
| January | $158 |
| February | $143 |
| March | $125 |
| April | $107 |
| May | $113 |
| June | $142 |
| July | $172 |
| August | $169 |
| September | $132 |
| October | $112 |
| November | $120 |
| December | $149 |
In the guides: Summer and winter bills, state by state
What each provider in Indiana 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 $1,930.32 a year on RS - Residential - over 325 KWH per month; the dearest is Duke Energy Indiana Inc at $2,010.36.
That is $80.04 a year between the best each provider offers.
Cheapest available plan by provider: Indianapolis Power & Light Co $1,930.32; Duke Energy Indiana Inc $2,010.36.
How Indiana's 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 Indiana's plans
These plans come from 3 utilities: Duke Energy Indiana Inc, Indianapolis Power & Light Co, Southern Indiana Gas & Elec Co.