Indiana Electricity Rates and Average Bill
Data through July 2026 (the latest month EIA has published) · Updated October 13, 2026
As of July 2026, the average residential electricity rate in Indiana is 16.73¢/kWh (the 23rd-highest in the U.S.) and the average monthly bill is $204.97, per EIA data. That rate is 1.6¢ below the U.S. average of 18.31¢/kWh.
Rate trend, last three years
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| August 2025 | 16.47 | 185.34 | 1125 |
| September 2025 | 17.33 | 148.45 | 856 |
| October 2025 | 17.34 | 126.47 | 729 |
| November 2025 | 17.41 | 133.59 | 767 |
| December 2025 | 15.91 | 174.78 | 1099 |
| January 2026 | 16.19 | 192.14 | 1187 |
| February 2026 | 16.06 | 174.90 | 1089 |
| March 2026 | 17.85 | 143.74 | 805 |
| April 2026 | 17.90 | 123.16 | 688 |
| May 2026 | 18.15 | 129.43 | 713 |
| June 2026 | 17.51 | 164.05 | 937 |
| July 2026 | 16.73 | 204.97 | 1225 |
Indiana vs the U.S. average
| Indiana | U.S. average | |
|---|---|---|
| Rate (July 2026) | 16.73¢/kWh | 18.31¢/kWh |
| Average monthly bill | $204.97 | $212.44 |
| Average monthly usage | 1225 kWh | 1160 kWh |
| Rate change, 1 year | +3.4% | +4.9% |
| Rate change, 5 years | +25.4% | +32.4% |
Indiana's average residential rate of 16.73¢/kWh for July 2026 ranks 29th of 51 (1 = lowest). Over the past year the rate moved +3.4% (Indiana) versus +4.9% nationally; over five years, +25.4% versus +32.4% nationally. Average usage of 1225 kWh/month compares with 1160 kWh nationally, which is why the bill and rate ranks can differ. For how Indiana's recent increase ranks against every other state (12-month, 3-year and 5-year changes), see electricity rate increases by state.
Largest utilities in Indiana
Average effective rates and bills for Indiana's largest utilities, from EIA Form 861-M (July 2026). Or find yours by ZIP code.
| Utility | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) | Residential customers |
|---|---|---|---|---|
| Duke Energy Indiana, LLC | 15.25 | 182.98 | 1,200 | 818,895 |
| AES Indiana | 15.62 | 181.72 | 1,164 | 472,768 |
| Northern Indiana Pub Serv Co | 22.23 | 227.14 | 1,022 | 434,205 |
| Indiana Michigan Power Co | 15.22 | 167.21 | 1,098 | 427,225 |
| Southern Indiana Gas & Elec Co | 20.73 | 280.34 | 1,353 | 134,960 |
Average bill = rate × average usage. Utilities with similar rates can show very different average bills because their customers' average usage differs (housing mix, heating fuel, climate).
Estimate a bill at Indiana rates
Worked example: 1,000 kWh at Indiana's average rate of 16.73¢/kWh is about $167.30. The state's actual average usage is 1225 kWh/month, which is what produces the $204.97 average bill. These are average effective rates including all charges; your utility's tariff will differ.
Wondering what's behind rising rates nationally? See Why is my electric bill so high?, our data-led explainer on demand growth, data centers, and grid costs. Also: Indiana gas prices and why they are what they are, and the cheapest way to heat a home by fuel and state.
Source: EIA retail sales data (residential sector, monthly), published with roughly a two-month lag. Rate = revenue ÷ sales; bill = revenue ÷ customers. We do not project unpublished months. See methodology.