Electricity Rates in Indiana
Electricity Rates, Plans & Statistics
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Electricity Companies & Statistics in Indiana
- Population see rank6,833,037
- Total Production see rank91,258,594 MWh / 13.36 MWh per capita
- Total Consumption see rank96,362,140 MWh / 14.1 MWh per capita
- Total Production from Renewable see rank11,763,171 MWh / 1.72 MWh per capita
- CO2 Emissions from Consumption see rank60,892,880,486 kg / 8,911.54 kg per capita
- Total Production from Non-Renewable see rank79,495,436 MWh / 11.63 MWh per capita
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Average Residential Electricity Bills & Rates in Indiana
Indiana residential electric rates are highest in October and the highest average bill is in August.
Historical Electricity Rates:
Indiana Electricity Fuel Mix
Indiana's Electricity Prices and Usage
The average residential electricity rate in Indiana in 2024 is 14.49 cents per kilowatt hour, which is 10.12% below the national average rate of 16.12 cents. Indiana is the 27th best priced state in the nation by average electricity rate. The electricity market in the state is regulated, meaning customers must choose their supplier based on where they live. Of the over 110 electricity suppliers most customers will have only one option. The state generates about 13.36 megawatt hours per person per year from its power plants, which ranks them as the 23rd highest producer per capita in the US. The state emitted 60,892,880,486.44 kilograms of CO2 emissions from electricity use, making them the 4th worst polluting state in the US based on total CO2 output. The power grid in the state has an average of 1.35 outages per customer per year, with outages lasting around 139.41 minutes each. The US average for outages and outage time frames are 1.45 outages and 171.11 minutes. The state is ranked 30th in the US for percentage of electricity generated from renewable fuel types, creating 12.89% of their electricity from these renewable sources.
Residential Electricity Providers in Indiana
Provider | Service Type | Residential Rate (¢) | Residential Average Bill ($) | Residential Sales (MWh) | Residential Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Duke Energy Indiana | BUNDLED | 13.17 | 121.47 | 8,707,441.32 | 1,146,606,511 | 17,461,901.68 |
AES Indiana | BUNDLED | 12.97 | 114.42 | 4,884,584.65 | 633,334,766 | 12,304,901 |
Indiana Michigan Power | BUNDLED | 16.09 | 129.62 | 4,059,764.47 | 653,166,556 | 6,826,942.52 |
Northern Indiana Public Services Company | BUNDLED | 17.75 | 113 | 3,259,778.8 | 578,529,883 | 5,941,632.02 |
Vectren Energy | BUNDLED | 16.71 | 143.45 | 1,367,513.02 | 228,453,994 | 8,773,918.43 |
Hendricks Power Cooperative | BUNDLED | 12.71 | 146.72 | 467,704.98 | 59,423,939.45 | |
South Central Indiana REMC | BUNDLED | 15.24 | 163.24 | 416,009.08 | 63,418,728.85 | |
Jackson County REMC | BUNDLED | 13.30 | 170.48 | 348,465.72 | 46,355,639.22 | |
Clark County REMC | BUNDLED | 13.51 | 159.95 | 347,276.29 | 46,921,118.25 | |
Southeastern Indiana | BUNDLED | 14.32 | 162.61 | 332,461.85 | 47,623,726.62 |
Commercial Electricity Providers in Indiana
Provider | Service Type | Commercial Rate (¢) | Commercial Average Bill ($) | Commercial Sales (MWh) | Commercial Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Duke Energy Indiana | BUNDLED | 10.45 | 637.59 | 8,035,971.98 | 840,094,008 | 17,461,901.68 |
Indiana Michigan Power | BUNDLED | 11.55 | 703.47 | 4,099,550.86 | 473,399,444 | 6,826,942.52 |
Northern Indiana Public Services Company | BUNDLED | 15.76 | 823.11 | 3,721,528.63 | 586,523,878 | 5,941,632.02 |
AES Indiana | BUNDLED | 13.49 | 358.11 | 1,753,917.97 | 236,560,642 | 12,304,901 |
Vectren Energy | BUNDLED | 15.99 | 799.36 | 1,151,646.86 | 184,105,889 | 8,773,918.43 |
Mishawaka Utilities | BUNDLED | 9.86 | 768.45 | 340,851.13 | 33,621,916.57 | |
Hendricks Power Cooperative | BUNDLED | 9.72 | 2,379.78 | 273,244.64 | 26,546,401.17 | |
Anderson Electric | BUNDLED | 9.86 | 521.27 | 261,579.54 | 25,792,364.06 | |
Boone REMC | BUNDLED | 10.58 | 3,482.28 | 195,004.38 | 20,632,483.69 | |
Northeastern REMC | BUNDLED | 11.66 | 691.53 | 181,809.26 | 21,205,703.47 |
Power Plants in Indiana
Plant | City/County | Primary Fuel Type | Production (MWh) | Emission (KG) | Emissions/MWh (KG/MWh) | Toxic Chemical Release | Closing Date |
---|---|---|---|---|---|---|---|
Gibson County | Coal | 8,790,748 | 9,392,533,593.5 | 1,068.46 | |||
Lawrenceburg | Natural Gas | 8,710,951 | 3,290,698,214.16 | 377.77 | |||
St Joseph Energy CenterSt Joseph Energy Center LLC (100.00%) | St. Joseph County | Natural Gas | 5,563,890 | 2,010,045,980.6 | 361.27 | ||
Eagle Valley (IN)AES Indiana (100.00%) | Morgan County | Natural Gas | 5,218,151 | 1,920,202,666.2 | 367.99 | ||
Clifty CreekIndiana Kentucky Electric Corporation (100.00%) | Madison | Coal | 4,914,983.02 | 5,061,560,578.21 | 1,029.82 | ||
Vermillion County | Coal | 4,386,944 | 4,068,454,381.65 | 927.4 | |||
Warrick County | Coal | 3,998,954.01 | 4,053,206,579.62 | 1,013.57 | |||
MeromHallador Power Company, LLC (100.00%) | Sullivan County | Coal | 3,795,832.02 | 3,854,606,698.96 | 1,015.48 | ||
AES PetersburgAES Indiana (100.00%) | Pike County | Coal | 3,758,703 | 3,911,369,463.6 | 1,040.62 | ||
Spencer County | Coal | 3,669,385.01 | 4,112,070,095.62 | 1,120.64 | 12/2028 |
Quick Facts
Indiana ranks 16th highest in the nation for electricity per person produced from wind power. With total production of 9,017,001.6 megawatt hours from wind turbines and a population of 6,833,037, the state averages 1.32 megawatt hours per person each year from wind turbines.
Indiana generates 40,814,175.21 megawatt hours of electricity from the use of coal, ranking Indiana as the 4th highest producer of electricity from coal in the nation.
Electricity from wind energy generated in Indiana totals 9,017,001.6 megawatt hours, making Indiana 13th in the nation for wind power generation.
In the previous 12 months total population has grown by 0.40% in Indiana, bringing the total number of citizens in the state to 6,833,037.
The burning of non-renewable fuel types in electricity generation in Indiana has been curtailed by 4.08% over the previous year.
Natural gas makes up 39.57% of the electricity generation in Indiana, resulting in a ranking of 16th countrywide for total natural gas generation.
FAQ: Common Questions About Electricity in Indiana
Where does Indiana get its electricity?
Indiana's electricity is produced using primarily Coal, which accounts for 44.72% of the fuel used in the state. The second and third most used fuels are Natural Gas and Wind, which account for 39.57% and 9.88% of total production respectively.
What electricity company is the largest supplier in Indiana?
The largest electricity company in Indiana by total revenue is Duke Energy Indiana.
How much does electricity cost in Indiana?
The average cost per kilowatt hour of electricity in Indiana in 2024 is 14.49 cents.
What is the average electric bill in Indiana?
In 2024, Indiana has an average electricity bill of $131, and the US average is $138.
What power companies offer service in Indiana?
State Customers Rank | Provider | State Customers |
---|---|---|
1 | Duke Energy Indiana | 899,090 |
2 | AES Indiana | 521,807 |
3 | Northern Indiana Public Services Company | 488,167 |
4 | Indiana Michigan Power | 480,019 |
5 | Vectren Energy | 152,022 |
6 | Hendricks Power Cooperative | 34,685 |
7 | Anderson Electric | 32,992 |
8 | South Central Indiana REMC | 32,921 |
9 | Northeastern REMC | 29,659 |
10 | Johnson County REMC | 28,668 |
Does Indiana have a deregulated electricity market?
Indiana has a regulated electricity market, rather than a deregulated market. This means that citizens in the state normally have only one or two electricity supplier options when it comes time to choose who they purchase electricity from.
How many power plants are located in Indiana?
There are 178 power plants located in Indiana.
What is the cheapest electricity company in Indiana?
Residential Rate Rank | Provider | Residential Rate (¢) | State Customers |
---|---|---|---|
1 | Bargersville Utilities Indiana | 8.64 | 3,550 |
2 | Bluffton, Indiana Electric Utility | 9.55 | 5,634 |
3 | Avilla, Indiana Electric Utility | 9.64 | 1,135 |
4 | Ferdinand, Indiana Electric Utility | 9.65 | 843 |
5 | Hagerstown Electric | 9.98 | 1,114 |
6 | South Whitley, Indiana Electric Utility | 10.02 | 885 |
7 | Paoli, Indiana Electric Utility | 10.11 | 1,762 |
8 | Thorntown Utilities | 10.13 | 857 |
9 | Gas City Utilities | 10.19 | 3,100 |
10 | Logansport Municipal Utilities | 10.21 | 12,148 |
How many electric companies offer service in Indiana?
There are 111 electricity companies operating in Indiana.