Indiana Michigan Power Co Electricity Rates and Average Bill (Michigan)
Data through July 2026 (the latest month EIA has published) · Updated October 13, 2026
As of July 2026, Indiana Michigan Power Co's residential customers in Michigan paid an average effective rate of 17.49¢/kWh with an average monthly bill of $186.77, per EIA Form 861-M data. That rate is 5.6¢ below the Michigan average of 23.05¢/kWh; the U.S. average is 18.31¢/kWh.
Rate trend vs the Michigan average
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| August 2025 | 16.51 | 161.20 | 976 |
| September 2025 | 18.25 | 132.09 | 724 |
| October 2025 | 16.98 | 107.52 | 633 |
| November 2025 | 17.12 | 115.25 | 673 |
| December 2025 | 17.17 | 168.70 | 983 |
| January 2026 | 15.42 | 149.84 | 972 |
| February 2026 | 13.95 | 127.57 | 914 |
| March 2026 | 17.49 | 141.32 | 808 |
| April 2026 | 16.70 | 110.96 | 664 |
| May 2026 | 16.78 | 108.63 | 647 |
| June 2026 | 16.88 | 130.06 | 771 |
| July 2026 | 17.49 | 186.77 | 1068 |
Indiana Michigan Power Co vs Michigan vs the U.S.
| Indiana Michigan Power Co | Michigan | U.S. average | |
|---|---|---|---|
| Rate (July 2026) | 17.49¢/kWh | 23.05¢/kWh | 18.31¢/kWh |
| Average monthly bill | $186.77 | $210.65 | $212.44 |
| Average monthly usage | 1068 kWh | 914 kWh | 1160 kWh |
| Rate change, 1 year | +4.5% | +12.2% | +4.9% |
Estimate a bill at Indiana Michigan Power Co rates
Worked example: 1,000 kWh at Indiana Michigan Power Co's average effective rate of 17.49¢/kWh is about $174.90. The utility's actual average usage is 1068 kWh/month, which produces the $186.77 average bill. This is an all-in average (energy, delivery, fixed charges, riders); your tariff's marginal price will differ.
See the full Michigan rate trend, look up another utility by ZIP code, or read why electric bills are rising.
Source: EIA Form 861-M (monthly utility-level sales to ultimate customers, residential), published with roughly a two-month lag. Rate = revenue ÷ sales; bill = revenue ÷ customers. Months failing basic sanity screens are excluded. See methodology.