Indiana Electricity Rates & Average Electricity Bills

Electricity Rates in Indiana

Electricity Rates, Plans & Statistics

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Electricity Companies & Statistics in Indiana

  • Population
    see rank
    6,833,037
  • Total Production
    see rank
    91,661,549 MWh / 13.41 MWh per capita
  • Total Consumption
    see rank
    96,177,940 MWh / 14.08 MWh per capita
  • Total Production from Renewable
    see rank
    12,130,405 MWh / 1.78 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    60,664,833,217 kg / 8,878.17 kg per capita
  • Total Production from Non-Renewable
    see rank
    79,531,144 MWh / 11.64 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:

Price Per kWhAverage Bill$0.172/kWh$0.114/kWh$190.19/mo.$90.12/mo.
28th14.47¢Average residential price per kWh in the state of Indiana
25th$131.09Average 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 2024 is 14.47 cents per kilowatt hour, which is 9.95% below the national average rate of 16.07 cents. Indiana is the 28th 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. Solar power usage for electricity production in the state has increased by 81.67% during the previous 12 months. Indiana has achieved a 1.73% rise in the use of renewable fuel sources for electricity generation during the previous 12 months. The state is ranked as the 13th largest electricity consuming state as statewide consumption totals over 96,100,000 megawatt hours. The state has total emissions of 8,878.17 kilograms per capita of CO2 emissions, making it the 5th highest polluting state per capita.

Residential Electricity Providers in Indiana

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
Duke Energy IndianaBUNDLED13.19121.738,698,518.921,147,266,63517,010,654.25
AES IndianaBUNDLED13.03115.34,890,603.42637,460,70312,611,314.5
Indiana Michigan PowerBUNDLED15.97128.634,054,822.38647,727,2056,991,438.52
Northern Indiana Public Services CompanyBUNDLED17.70112.823,261,709.22577,285,6046,065,925.02
Vectren EnergyBUNDLED16.92144.361,358,081.5229,815,0049,087,475.01
Hendricks Power CooperativeBUNDLED12.69146.66467,548.4759,333,071.78
South Central Indiana REMCBUNDLED15.23163.17415,869.8663,321,752.58
Jackson County REMCBUNDLED13.29170.41348,349.1146,284,754.85
Clark County REMCBUNDLED13.50159.89347,160.0746,849,369.18
Southeastern IndianaBUNDLED14.31162.55332,350.5947,550,903.16

Commercial Electricity Providers in Indiana

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
Duke Energy IndianaBUNDLED10.51640.238,020,158.27843,107,99217,010,654.25
Indiana Michigan PowerBUNDLED11.46693.824,073,097.21466,652,6486,991,438.52
Northern Indiana Public Services CompanyBUNDLED15.73818.283,704,780.24582,730,6576,065,925.02
AES IndianaBUNDLED13.59358.961,744,987.59237,157,68512,611,314.5
Vectren EnergyBUNDLED15.84787.721,145,357.11181,397,1779,087,475.01
Mishawaka UtilitiesBUNDLED9.85765.76339,749.7133,479,823.33
Hendricks Power CooperativeBUNDLED9.712,371.42272,361.6826,434,210.54
Anderson ElectricBUNDLED9.85519.44260,734.2825,683,360.15
Boone REMCBUNDLED10.573,469.9194,374.2520,545,286.51
Northeastern REMCBUNDLED11.65689.1181,221.7721,116,083.75

Power Plants in Indiana

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
Lawrenceburg Natural Gas 8,591,9433,247,186,626.46377.93
Gibson County Coal 8,546,4019,181,771,921.471,074.34
Eagle Valley (IN)AES Indiana (100.00%)
Morgan County Natural Gas 5,344,1781,952,198,642.1365.29
St Joseph Energy CenterSt Joseph Energy Center LLC (100.00%)
St. Joseph County Natural Gas 5,319,8851,921,413,389.28361.18
Madison Coal 5,098,896.025,260,155,075.161,031.63
Vermillion County Coal 4,155,2593,887,847,594.14935.65
Warrick County Coal 4,019,7974,074,167,298.441,013.53
AES PetersburgAES Indiana (100.00%)
Pike County Coal 3,937,1114,084,511,161.991,037.44
MeromHallador Power Company, LLC (100.00%)
Sullivan County Coal 3,834,822.023,891,839,505.571,014.87
Spencer County Coal 3,632,003.014,070,043,631.041,120.6112/2028

Quick Facts

The state of Indiana is ranked 17th in the United States for electricity production, producing 91,661,549.13 megawatt hours.

Indiana ranks 16th in the United States for natural gas generation, with 35,920,852.69 megawatt hours generated using the fuel source.

Non-renewable fuel types are used in the production of 86.77% of the megawatt hours produced in Indiana, ranking it 16th worst for total megawatt hours produced from non-renewable fuels.

Over the previous year total population has risen by 0.40% in the state of Indiana, bringing the total number of residents in the state to 6,833,037.

By megawatt hours sold, the largest electricity provider in the state of Indiana is Duke Energy Indiana.

Indiana has achieved a 10.14% drop in CO2 pollution from electricity use throughout the most recent year.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Adams County35,6854116.31$173.62/mo
Allen County391,449515.34$134.80/mo
Bartholomew County83,540313.82$147.17/mo
Benton County8,6875314.48$158.98/mo
Blackford County12,139315.99$130.52/mo
Boone County74,1641014.57$169.92/mo
Brown County15,444414.36$158.33/mo
Carroll County20,288614.09$145.79/mo
Cass County37,918612.32$126.79/mo
Clark County124,237513.38$151.95/mo
Clay County26,397414.29$145.77/mo
Clinton County33,010512.82$117.50/mo
Crawford County10,511412.92$124.60/mo
Daviess County33,281513.59$165.00/mo
DeKalb County43,059815.00$120.80/mo
Dearborn County50,4946113.80$146.60/mo
Decatur County26,466414.04$159.48/mo
Delaware County112,031415.96$135.50/mo
Dubois County43,474712.53$125.03/mo
Elkhart County206,890517.31$117.18/mo
Fayette County23,393513.68$150.06/mo
Floyd County80,714412.59$146.41/mo
Fountain County16,422614.32$136.43/mo
Franklin County22,769613.80$149.82/mo
Fulton County20,400511.85$172.14/mo
Gibson County33,0175113.74$139.46/mo
Grant County66,0224115.89$128.74/mo
Greene County30,924514.45$152.12/mo
Hamilton County364,921713.33$123.17/mo
Hancock County83,070714.13$159.70/mo
Harrison County39,516312.16$153.14/mo
Hendricks County182,5347112.79$140.70/mo
Henry County48,85710113.62$162.43/mo
Howard County83,574313.23$122.97/mo
Huntington County36,572613.72$155.33/mo
Jackson County45,948313.27$163.28/mo
Jasper County33,0066214.29$147.83/mo
Jay County20,5703216.80$221.78/mo
Jefferson County33,0004113.62$138.30/mo
Jennings County27,619613.86$159.04/mo
Johnson County165,782812.98$132.75/mo
Knox County36,3624112.32$139.37/mo
Kosciusko County80,826613.48$109.13/mo
LaGrange County40,085315.70$111.22/mo
LaPorte County111,6756116.07$120.39/mo
Lake County499,6892417.70$112.82/mo
Lawrence County45,133613.61$147.76/mo
Madison County131,744914.51$125.39/mo
Marion County969,4662613.03$115.30/mo
Marshall County46,1757117.02$143.47/mo
Martin County9,885513.82$167.98/mo
Miami County36,100612.83$139.06/mo
Monroe County139,745514.26$145.88/mo
Montgomery County37,96711114.14$138.86/mo
Morgan County72,2368114.36$148.47/mo
Newton County13,865415.18$137.12/mo
Noble County47,293813.31$126.67/mo
Ohio County5,931213.88$154.48/mo
Orange County19,752513.97$141.03/mo
Owen County21,280414.92$158.53/mo
Parke County16,316615.17$151.36/mo
Perry County19,151413.54$134.09/mo
Pike County12,2206114.30$140.54/mo
Porter County174,791316.33$117.57/mo
Posey County25,3015215.79$143.35/mo
Pulaski County12,496714.04$142.30/mo
Putnam County36,838714.02$144.94/mo
Randolph County24,6814215.33$156.30/mo
Ripley County28,953414.11$156.56/mo
Rush County16,706314.23$153.41/mo
Scott County24,290513.21$157.24/mo
Shelby County44,825314.35$157.01/mo
Spencer County19,9493214.30$136.99/mo
St. Joseph County272,2349415.90$121.69/mo
Starke County23,275414.63$125.22/mo
Steuben County34,379514.01$110.47/mo
Sullivan County20,8144112.29$139.91/mo
Switzerland County9,870314.30$162.10/mo
Tippecanoe County188,7175314.40$139.07/mo
Tipton County15,290613.26$115.65/mo
Union County7,098313.32$141.44/mo
Vanderburgh County179,744216.92$144.36/mo
Vermillion County15,4775113.38$131.06/mo
Vigo County106,0064212.95$128.85/mo
Wabash County31,120613.61$154.67/mo
Warren County8,4304114.12$167.65/mo
Warrick County65,1855216.56$142.34/mo
Washington County28,025513.34$162.12/mo
Wayne County66,273813.08$139.74/mo
Wells County28,1034114.37$140.59/mo
White County24,5936414.62$144.56/mo
Whitley County34,048914.18$138.09/mo

Power Plant Fuel Types, Emissions & Pollution Factors

In Indiana, Coal is 44.85% of the fuel types used in electricity production. Adding Coal totals to Natural Gas (39.19%) and Wind (10.17%), these three fuel types make up 94.22% state electricity generation. On average, the state citizens emit 8,878.17 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 60,664,833,216.61 kilograms. Indiana is home to 54 power plants, which is the 19th most in the country and 36th most when counting power plants per person.

COAL
Coal
Coal
Coal
Coal
Coal
44.85%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
39.19%
WIND
Wind
Wind
10.17%
SOLAR
Solar
2.23%
BLAST FURNACE GAS
Blast Furnace Gas
1.45%
OTHER
Other
2.10%

Indiana Net Metering

About 49.55% 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 42 companies in Indiana that reported energy loss. Combined, these 42 providers average a yearly energy loss of 4.25% of electricity produced. The United States average is 2.87%, meaning Indiana ranks 40th 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 44.85% of the fuel used in the state. The second and third most used fuels are Natural Gas and Wind, which account for 39.19% and 10.17% 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 14.47 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?

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 54 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: 2024-06-14