Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified May 2026
Indiana Electricity Cost 2026: 14.50¢/kWh
Indiana residential electricity rates average 14.50 cents per kWh in 2026, -19.7% vs the 18.05¢ US national average. The state operates a regulated retail market with coal/natural gas as the primary generation source.
State Rate
14.50
cents/kWh
Monthly Bill
$128
at 886 kWh
vs National
-19.7%
national avg 18.05¢
Rank (cheapest first)
28/50
YoY change +4.2%
Market Type
Regulated
Supply rate set by state PUC
Primary Generation
Coal/Natural Gas
per EIA State Energy Profile
Annual Bill (avg usage)
$1,542
vs national $1,919
Indiana electricity market
Regulated state served by Duke Energy Indiana, Indiana Michigan Power (AEP), AES Indiana (formerly IPL), and NIPSCO. Generation mix is shifting from a coal-heavy historical base toward natural gas and wind; large utility-scale solar projects are coming online.
Where Indiana residents save
No retail competition. Several utilities offer optional TOU rates with overnight off-peak windows. The state Office of Utility Consumer Counselor maintains a residential efficiency guide; weatherization and heat-pump rebates are available through utility-administered programs.
Primary utilities
- Duke Energy Indiana
- Indiana Michigan Power (AEP)
- AES Indiana
Indiana bill estimates by usage
| Home Profile | Monthly kWh | Monthly Bill | Annual Bill |
|---|---|---|---|
| Apartment | 500 | $73 | $870 |
| Small house | 750 | $109 | $1,305 |
| Average household | 886 | $128 | $1,542 |
| Large house | 1200 | $174 | $2,088 |
| Large house + EV | 1500 | $217 | $2,610 |
Estimates use the Indiana state-average rate of 14.50¢/kWh from EIA data. Your actual bill includes delivery charges, customer-service fees, and state/local taxes already blended into this retail rate, plus any locality-specific surcharges not captured at the state-average level.