Electricity rates — Indianapolis Power & Light Co
Indianapolis Power & Light Co's customers paid 13.7¢ per kWh in 2024, riders included (EIA-861): about $123 a month for 896 kWh. RS - Residential - over 325 KWH per month, the one open plan at 1,000 kWh a month, comes to $1,930 a year. Schedule retrieved October 8, 2026.
Every priced Indianapolis Power & Light Co plan, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| RS - Residential - over 325 KWH per month✓ cheapesttiered · in effect since August 2025 | $1,930.32 | — | 16.1¢ |
| Priced but not ranked — restricted, older, or not verifiable as a bill | |||
| RS - Residential - 0 - 325 KWH per monthtiered · in effect since August 2025 · needs a household using 0 to 325 kWh a month | $1,876.32 | −$54.00 | 15.6¢ |
Price Indianapolis Power & Light Co’s plans at your own usage
What the one Indianapolis Power & Light Co plan ranked here costs at each level of use
- 500 kWh/mo — $1,101.96 (RS - Residential - over 325 KWH per month), the one plan ranked here
- 1,000 kWh/mo — $1,930.32 (RS - Residential - over 325 KWH per month), the one plan ranked here
- 2,000 kWh/mo — $3,587.16 (RS - Residential - over 325 KWH per month), the one plan ranked here
What Indianapolis Power & Light Co's customers were billed in 2024
At 896 kWh a month, Indianapolis Power & Light Co's median open plan comes to 16.4¢ per kWh, 19% above the 13.7¢ its customers were billed in 2024, riders included.
| Ownership, as EIA classes it | Investor-owned |
|---|---|
| Full-service homes in Indiana | 469,499 |
| Share of Indiana's households | 15% |
| Average use per home | 896 kWh a month |
| Average bill per home | $123.20 a month |
| Billed per kWh, riders included | 13.7¢ |
| Median open plan here, at that use | 16.4¢ |
AES Indiana in U.S. Energy Information Administration, Form EIA-861, 2024 (Sales_Ult_Cust_2024.xlsx), retrieved September 23, 2026.
How the RS - Residential - over 325 KWH per month bill at 1,000 kWh has moved since 2010
Indianapolis Power & Light Co's RS - Residential - over 325 KWH per month cost $99.63 a month under its March 2010 version and costs $160.86 under its August 2025 one, 61% more. Its biggest single step, in May 2024, added $28.76 (25%). In Indiana, EIA's average price rose 70% between 2010 and 2025.
Every version of RS - Residential - over 325 KWH per month
| Took effect | At 1,000 kWh | Change | Record |
|---|---|---|---|
| August 2025 | $160.86 | +$16.70 (+11.6%) | URDB |
| May 2024 | $144.16 | +$28.76 (+24.9%) | URDB |
| September 2020 | $115.40 | $0.00 (0.0%) | URDB |
| December 2018 | $115.40 | −$1.40 (−1.2%) | URDB |
| February 2018 | $116.80 | +$7.05 (+6.4%) | URDB |
| February 2017 | $109.75 | +$5.58 (+5.4%) | URDB |
| February 2016 | $104.17 | +$5.63 (+5.7%) | URDB |
| March 2015 | $98.54 | −$1.09 (−1.1%) | URDB |
| March 2010 | $99.63 | First on record | URDB |
In the guides: Why electricity rates change
How it compares
Among the 100 utilities indexed, Indianapolis Power & Light Co's cheapest open plan is the 49th-highest, 3% more than their median of $1,877.14. It sits between Alabama Power Co ($1,881.80) and Wisconsin Public Service Corp ($1,931.60).
No other utility indexed in Indiana has a cheaper open plan; the other one starts higher.
RS - Residential - over 325 KWH per month is tiered: past 500 kWh a month, each kWh costs 1.2¢ less. Of the 47 utilities whose plans step, that is the 17th-smallest step.
In the guides: The price that changes once the meter passes a line
How Indianapolis Power & Light Co's plans are structured
Of 2 priceable plans: 2 tiered.
Fixed monthly charges run from $12.50 to $17.00.
Indianapolis Power & Light Co's published schedules
EIA-861 lists Indianapolis Power & Light Co serving homes in Indiana and in no other state, which is how its plans are placed there. 2 of its 2 published residential schedules can be priced.