Electricity Rates in Indiana

Electricity Rates, Plans & Statistics

Electricity Companies & Statistics in Indiana

  • Population
    see rank
    6,805,985
  • Total Production
    see rank
    96,971,350 MWh / 14.25 MWh per capita
  • Total Consumption
    see rank
    99,590,328 MWh / 14.63 MWh per capita
  • Total Production from Renewable
    see rank
    11,611,662 MWh / 1.71 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    68,194,217,927 kg / 10,019.74 kg per capita
  • Total Production from Non-Renewable
    see rank
    85,359,687 MWh / 12.54 MWh per capita
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Average Residential Electricity Bills & Rates in Indiana

Indiana residential electric rates are highest in January and the highest average bill is in October.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.172/kWh$0.114/kWh$190.19/mo.$90.12/mo.
36th15.19¢Average residential price per kWh in the state of Indiana
39th$145.99Average residential monthly electricity bill for Indiana Residents

Indiana Electricity Fuel Mix

Indiana's Electricity Prices and Usage

The average residential electricity rate in Indiana in 2023 is 15.19 cents per kilowatt hour, which is 1.01% below the national average rate of 15.34 cents. Indiana is the 36th 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. Electricity companies operating in the state increased their generation of electricity from wind by roughly 19.46%. The state ranks as the 4th worst polluting state in the country when considering total CO2 emissions, with over 68,194,217,927.3 kilograms of CO2 emissions emitted from electricity consumption. The state has a shortage of 2618978.347000003 megawatt hours due to customers consuming 2.70% more electricity than the state's power facilities generate. This results in the state needing to import supplemental electricity from neighboring states. The state generates 96,971,349.65 megawatt hours from its power plants, which is the 16th highest total generation of any state in the US.

Residential Electricity Providers in Indiana

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
Duke Energy IndianaBUNDLED15.42154.159,258,9771,427,539,38118,573,445.88
AES IndianaBUNDLED13.34125.865,170,797689,951,87314,121,119.5
Indiana Michigan PowerBUNDLED15.96138.254,333,026691,352,5287,720,341
Northern Indiana Public Services CompanyBUNDLED17.14116.743,462,304593,587,1287,082,477
Vectren EnergyBUNDLED16.84150.261,411,255237,650,05510,483,403.46
Hendricks Power CooperativeBUNDLED12.28148.1499,81961,386,300
South Central Indiana REMCBUNDLED15.35173.43459,98370,627,000
Clark County REMCBUNDLED12.47158.81381,74447,592,700
Jackson County REMCBUNDLED12.57164.86375,09347,136,000
Southeastern IndianaBUNDLED14.12164.86359,32950,750,000

Commercial Electricity Providers in Indiana

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
Duke Energy IndianaBUNDLED12.82814.858,286,2891,062,455,74418,573,445.88
Indiana Michigan PowerBUNDLED11.96708.263,972,110475,120,4487,720,341
Northern Indiana Public Services CompanyBUNDLED15.65834.173,767,722589,770,9377,082,477
AES IndianaBUNDLED13.74375.991,813,735249,241,95814,121,119.5
Vectren EnergyBUNDLED14.71750.621,174,916172,820,92910,483,403.46
Mishawaka UtilitiesBUNDLED9.46771.05370,57935,058,000
Anderson ElectricBUNDLED9.95615.51288,40028,687,800
Hendricks Power CooperativeBUNDLED10.052,519.61272,20427,363,000
Boone REMCBUNDLED10.983,856.19195,18421,425,000
Northeastern REMCBUNDLED12.05751.62189,74522,855,300

Power Plants in Indiana

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
Gibson County Coal 8,938,8029,534,094,988.511,066.6
Lawrenceburg Natural Gas 8,476,3073,217,358,416.86379.57
AES PetersburgAES Indiana (100.00%)
Pike County Coal 7,851,6787,846,830,133.06999.38
Madison Coal 5,703,2945,723,229,821.941,003.5
St Joseph Energy CenterSt Joseph Energy Center LLC (100.00%)
St. Joseph County Natural Gas 5,036,0761,874,991,619.76372.31
Sullivan County Coal 4,868,436.014,940,856,293.821,014.88
Eagle Valley (IN)AES Indiana (100.00%)
Morgan County Natural Gas 4,779,7551,809,649,344.02378.61
Warrick County Coal 4,495,778.024,520,669,069.961,005.54
Vermillion County Coal 4,381,8414,136,842,551.02944.09
Spencer County Coal 3,909,047.995,728,526,498.251,465.4512/2028

Quick Facts

Indiana ranks 17th highest in the nation for electricity per person produced from wind power. With total production of 9,715,527.05 megawatt hours from wind turbines and a population of 6,805,985, the state averages 1.43 megawatt hours per person each year from wind turbines.

The state of Indiana generates 0.37% of their electricity from hydroelectric power, roughly 354,348.06 megawatt hours each year.

The usage of renewable fuel types for electricity generation in Indiana rose by 21.44% last year.

When measuring CO2 emissions per capita, Indiana saw a 1.61% drop during the last year.

Indiana generates 1,149,084.23 megawatt hours from solar energy, ranking it 19th in the country for total megawatt hours generated from solar power sources.

Duke Energy Indiana is the largest electricity provider in Indiana when calculated by megawatt hours sold.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Adams County35,6854114.95$163.52/mo
Allen County381,839515.15$142.24/mo
Bartholomew County81,759314.09$158.07/mo
Benton County8,6875513.95$158.06/mo
Blackford County12,139315.92$139.31/mo
Boone County69,8391013.99$180.11/mo
Brown County15,444414.60$167.89/mo
Carroll County20,2886114.18$152.95/mo
Cass County37,9186212.75$129.34/mo
Clark County120,1855113.05$157.67/mo
Clay County26,3974214.64$155.03/mo
Clinton County33,010513.89$137.86/mo
Crawford County10,511414.14$144.82/mo
Daviess County33,2815112.86$161.51/mo
DeKalb County43,0598114.80$127.43/mo
Dearborn County50,4946114.20$156.37/mo
Decatur County26,4664113.97$164.18/mo
Delaware County112,480415.77$142.22/mo
Dubois County43,4747112.12$126.07/mo
Elkhart County206,3145416.86$122.28/mo
Fayette County23,393514.12$159.10/mo
Floyd County79,5944112.70$153.05/mo
Fountain County16,422614.56$147.85/mo
Franklin County22,769614.03$157.84/mo
Fulton County20,400513.10$158.86/mo
Gibson County33,0175114.01$148.94/mo
Grant County66,8024215.87$138.18/mo
Greene County30,9245214.21$153.84/mo
Hamilton County341,6167215.34$153.39/mo
Hancock County78,6167114.26$172.18/mo
Harrison County39,5163111.69$151.37/mo
Hendricks County172,1007212.86$147.77/mo
Henry County48,85710213.89$164.04/mo
Howard County83,3493115.35$154.12/mo
Huntington County36,572613.49$160.16/mo
Jackson County45,9483112.98$163.29/mo
Jasper County33,0066613.61$149.95/mo
Jay County20,5703414.09$187.58/mo
Jefferson County33,0004114.84$158.35/mo
Jennings County27,619613.82$163.22/mo
Johnson County159,7398313.07$140.27/mo
Knox County36,3624212.51$147.67/mo
Kosciusko County80,151613.20$113.13/mo
LaGrange County40,0853115.38$114.08/mo
LaPorte County112,1846215.52$124.08/mo
Lake County495,92521217.14$116.74/mo
Lawrence County45,1336213.92$157.39/mo
Madison County130,03791014.81$138.09/mo
Marion County969,54222313.34$125.86/mo
Marshall County46,1757115.51$137.73/mo
Martin County9,8855113.06$164.11/mo
Miami County36,1006313.21$140.07/mo
Monroe County140,1895115.05$161.87/mo
Montgomery County37,96711614.30$149.02/mo
Morgan County71,3948114.78$161.22/mo
Newton County13,8654114.74$141.79/mo
Noble County47,293813.26$130.58/mo
Ohio County5,931213.70$157.57/mo
Orange County19,752513.34$146.04/mo
Owen County21,280414.99$166.55/mo
Parke County16,316614.67$150.83/mo
Perry County19,1514312.93$133.15/mo
Pike County12,2206214.44$148.53/mo
Porter County172,3533415.66$120.07/mo
Posey County25,3015215.75$149.55/mo
Pulaski County12,496713.88$140.10/mo
Putnam County36,838714.08$151.50/mo
Randolph County24,6814514.58$153.56/mo
Ripley County28,953414.28$163.24/mo
Rush County16,706314.35$162.14/mo
Scott County24,2905112.86$158.74/mo
Shelby County44,825314.23$163.05/mo
Spencer County19,9493313.80$137.70/mo
St. Joseph County272,0499715.78$129.56/mo
Starke County23,275413.77$125.40/mo
Steuben County34,379513.57$112.54/mo
Sullivan County20,8144212.42$147.47/mo
Switzerland County9,8703114.14$164.74/mo
Tippecanoe County185,9615614.60$149.88/mo
Tipton County15,2906114.46$136.84/mo
Union County7,098313.86$152.36/mo
Vanderburgh County179,6952216.84$150.26/mo
Vermillion County15,4775215.09$156.64/mo
Vigo County106,5234314.37$151.78/mo
Wabash County31,1206113.48$160.49/mo
Warren County8,4304113.78$166.14/mo
Warrick County63,5756216.66$150.33/mo
Washington County28,025512.85$160.90/mo
Wayne County66,5888813.23$145.71/mo
Wells County28,1034114.06$145.36/mo
White County24,59361014.31$147.54/mo
Whitley County34,0489214.07$145.34/mo

Power Plant Fuel Types, Emissions & Pollution Factors

In Indiana, Coal is 52.01% of the fuel types used in electricity production. Adding Coal totals to Natural Gas (33.07%) and Wind (10.02%), these three fuel types make up 95.09% state electricity generation. On average, the state citizens emit 10,019.74 kilograms of CO2 emissions from electricity consumption, which is the 5th worst per person emissions average for a state in the nation. This equals a total emissions amount of 68,194,217,927.3 kilograms. Indiana is home to 176 power plants, which is the 18th most in the country and 31st most when counting power plants per person.

COAL
Coal
Coal
Coal
Coal
Coal
Coal
52.01%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
33.07%
WIND
Wind
Wind
10.02%
BLAST FURNACE GAS
Blast Furnace Gas
1.59%
SOLAR
Solar
1.18%
OTHER
Other
2.13%

Indiana Net Metering

About 46.85% of the electricity companies in Indiana offer net metering to their consumers. At the state level, Indiana has decent net metering and feed in tariff regulations.

Energy Loss

There are 40 companies in Indiana that reported energy loss. Combined, these 40 providers average a yearly energy loss of 3.91% of electricity produced. The United States average is 2.45%, meaning Indiana ranks 37th best in the US for energy loss efficiency.

Solar Taxes And Rebates

Motivating residents to consider installing solar panels can definitely be a challenge due to high installation costs. States can help by issuing rebates and tax breaks to their citizens. Indiana, unfortunately, has no statewide tax credits offered to residents who install solar. There are currently no state sponsored rebates available to consumers who are considering purchasing solar. Indiana residents have the ability to apply a 100% property tax exemption for the installation of solar panels, which is better than almost all other states. There is currently a 100% sales tax exemption in place for the purchase of solar at a place of residence.

State Level Initiatives

Whether a customer is able to easily purchase electricity plans with renewable fuel types is partially determined by legislation at the state level. States that have Renewable Portfolio Standards (RPS) have requirements in place for electricity providers who operate in the state. These standards dictate that a certain amount of electricity must be produced using renewable fuel types. The state of Indiana, unfortunately, has only a limited or optional program established. Furthermore, there are currently no low income solar programs to encourage low income families to install solar panels.

Learn about going solar in Indiana, find out which system size is best for you, compare local installers and see which incentives are available in your area.

FAQ: Common Questions About Electricity in Indiana

Where does Indiana get its electricity?

Indiana's electricity is produced using primarily Coal, which accounts for 52.01% of the fuel used in the state. The second and third most used fuels are Natural Gas and Wind, which account for 33.07% and 10.02% 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 2023 is 15.19 cents.

What is the average electric bill in Indiana?

In 2023, Indiana has an average electricity bill of $146, and the US average is $137.

What power companies offer service in Indiana?

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 176 power plants located in Indiana.

What is the cheapest electricity company in Indiana?

How many electric companies offer service in Indiana?

There are 111 electricity companies operating in Indiana.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2022-09-27