Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified July 2026
Indiana Electricity Cost 2026: 18.15¢/kWh
Indiana residential electricity rates average 18.15 cents per kWh in 2026, -1.6% vs the 18.44¢ US national average. The state operates a regulated retail market with coal/natural gas as the primary generation source.
State Rate
18.15
cents/kWh
Monthly Bill
$157
at 863 kWh
vs National
-1.6%
national avg 18.44¢
Rank (cheapest first)
32/50
YoY change +7.4%
Market Type
Regulated
Supply rate set by state PUC
Primary Generation
Coal/Natural Gas
per EIA State Energy Profile
Annual Bill (avg usage)
$1,880
vs national $1,910
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 | $91 | $1,089 |
| Small house | 750 | $136 | $1,634 |
| Average household | 863 | $157 | $1,880 |
| Large house | 1200 | $218 | $2,614 |
| Large house + EV | 1500 | $272 | $3,267 |
Estimates use the Indiana state-average rate of 18.15¢/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.