Indiana Electricity Rates and Average Bill
Data through June 2026 (the latest month EIA has published) · Updated September 04, 2026
As of June 2026, the average residential electricity rate in Indiana is 17.51¢/kWh (the 21st-highest in the U.S.) and the average monthly bill is $164.05, per EIA data. That rate is 0.8¢ below the U.S. average of 18.34¢/kWh.
Rate trend, last three years
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| July 2025 | 16.18 | 211.38 | 1306 |
| 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 |
Indiana vs the U.S. average
| Indiana | U.S. average | |
|---|---|---|
| Rate (June 2026) | 17.51¢/kWh | 18.34¢/kWh |
| Average monthly bill | $164.05 | $170.65 |
| Average monthly usage | 937 kWh | 930 kWh |
| Rate change, 1 year | +6.3% | +5.0% |
| Rate change, 5 years | +28.4% | +32.6% |
Indiana's average residential rate of 17.51¢/kWh for June 2026 ranks 31st of 51 (1 = lowest). Over the past year the rate moved +6.3% (Indiana) versus +5.0% nationally; over five years, +28.4% versus +32.6% nationally. Average usage of 937 kWh/month compares with 930 kWh nationally, which is why the bill and rate ranks can differ. For how Indiana's recent increase ranks against every other state (12-month, 3-year and 5-year changes), see electricity rate increases by state.
Largest utilities in Indiana
Average effective rates and bills for Indiana's largest utilities, from EIA Form 861-M (June 2026). Or find yours by ZIP code.
| Utility | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) | Residential customers |
|---|---|---|---|---|
| Duke Energy Indiana, LLC | 15.99 | 148.91 | 931 | 817,769 |
| AES Indiana | 15.83 | 134.48 | 849 | 472,456 |
| Northern Indiana Pub Serv Co | 25.63 | 185.43 | 723 | 434,384 |
| Indiana Michigan Power Co | 15.89 | 123.36 | 776 | 426,993 |
| Southern Indiana Gas & Elec Co | 20.70 | 225.34 | 1,088 | 134,856 |
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 17.51¢/kWh is about $175.10. The state's actual average usage is 937 kWh/month, which is what produces the $164.05 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.