Indiana Michigan Power Co Electricity Rates and Average Bill (Indiana)
Data through August 2026 (the latest month EIA has published) · Updated October 31, 2026
As of August 2026, Indiana Michigan Power Co's residential customers in Indiana paid an average effective rate of 14.63¢/kWh with an average monthly bill of $138.00, per EIA Form 861-M data. That rate is 2.4¢ below the Indiana average of 17.02¢/kWh; the U.S. average is 18.16¢/kWh.
Rate trend vs the Indiana average
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| September 2025 | 17.71 | 126.20 | 713 |
| October 2025 | 18.95 | 124.64 | 658 |
| November 2025 | 18.12 | 123.65 | 682 |
| December 2025 | 17.03 | 169.48 | 995 |
| January 2026 | 17.00 | 175.23 | 1031 |
| February 2026 | 16.41 | 156.51 | 954 |
| March 2026 | 17.24 | 142.68 | 828 |
| April 2026 | 16.49 | 98.97 | 600 |
| May 2026 | 18.43 | 120.44 | 653 |
| June 2026 | 15.89 | 123.36 | 776 |
| July 2026 | 15.22 | 167.21 | 1098 |
| August 2026 | 14.63 | 138.00 | 943 |
Indiana Michigan Power Co vs Indiana vs the U.S.
| Indiana Michigan Power Co | Indiana | U.S. average | |
|---|---|---|---|
| Rate (August 2026) | 14.63¢/kWh | 17.02¢/kWh | 18.16¢/kWh |
| Average monthly bill | $138.00 | $188.99 | $209.23 |
| Average monthly usage | 943 kWh | 1110 kWh | 1152 kWh |
| Rate change, 1 year | −14.6% | +5.0% | +3.4% |
Estimate a bill at Indiana Michigan Power Co rates
Worked example: 1,000 kWh at Indiana Michigan Power Co's average effective rate of 14.63¢/kWh is about $146.30. The utility's actual average usage is 943 kWh/month, which produces the $138.00 average bill. This is an all-in average (energy, delivery, fixed charges, riders); your tariff's marginal price will differ.
See the full Indiana 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.