Electricity Rates in Indiana

Electricity Rates, Plans & Statistics

Electricity Companies & Statistics in Indiana

  • Population
    see rank
    6,785,528
  • Total Production
    see rank
    95,270,889 MWh / 14.04 MWh per capita
  • Total Consumption
    see rank
    101,166,693 MWh / 14.91 MWh per capita
  • Total Production from Renewable
    see rank
    10,963,206 MWh / 1.62 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    69,079,362,659 kg / 10,180.4 kg per capita
  • Total Production from Non-Renewable
    see rank
    84,307,730 MWh / 12.42 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 February.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.152/kWh$0.114/kWh$182.83/mo.$90.12/mo.
36th14.14¢Average residential price per kWh in the state of Indiana
39th$138.04Average residential monthly electricity bill for Indiana Residents

Indiana Electricity Fuel Mix

MonthlyWe report production data as it is published. Due to reporting methods and timing, data from 2022 and 2021 may be incomplete. Data is released in full each fall for the previous calendar year. For clarification on any data points, please contact our team.
AnnualAnnual data for 2021 will be finalized in the fall of 2022. Until that time, some data may be incomplete. Data for 2022 is a summation of all information released to date, which may only represent a portion of the actual production that has occurred. For clarification on any data points, please contact our team.

Indiana's Electricity Prices and Usage

The average residential electricity rate in Indiana in 2022 is 14.14 cents per kilowatt hour, which is 2.21% below the national average rate of 14.46 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 29.36%. The state ranks as the 4th worst polluting state in the country when considering total CO2 emissions, with over 69,079,362,658.71 kilograms of CO2 emissions emitted from electricity consumption. The state has a shortage of 5895804.442999989 megawatt hours due to customers consuming 6.19% 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 95,270,888.56 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 IndianaBUNDLED13.86142.289,392,1001,301,477,54218,347,555.73
AES IndianaBUNDLED12.33119.715,308,165654,472,97411,400,443.5
Indiana Michigan PowerBUNDLED15.20132.074,336,821659,143,9457,851,067.5
Northern Indiana Public Services CompanyBUNDLED16.09114.013,604,513580,017,1577,670,788.01
Vectren EnergyBUNDLED16.44150.271,439,673236,659,75710,914,669.75
Hendricks Power CooperativeBUNDLED12.19146.13480,75658,616,800
South Central Indiana REMCBUNDLED15.40167.54438,74767,579,000
Jackson County REMCBUNDLED12.96167.51366,62247,511,000
Clark County REMCBUNDLED12.93161.89363,04946,936,100
Southeastern IndianaBUNDLED14.20165.53354,66750,373,000
111 providers total

Commercial Electricity Providers in Indiana

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
Duke Energy IndianaBUNDLED11.38727.428,178,218930,773,89018,347,555.73
Indiana Michigan PowerBUNDLED11.45669.163,909,282447,545,9827,851,067.5
Northern Indiana Public Services CompanyBUNDLED14.70797.563,823,135562,112,9817,670,788.01
AES IndianaBUNDLED12.70351.931,832,322232,785,79611,400,443.5
Vectren EnergyBUNDLED14.40751.221,200,748172,945,57110,914,669.75
Mishawaka UtilitiesBUNDLED10.61857.7362,64638,493,500
Anderson ElectricBUNDLED10.20596.24270,49327,603,700
Hendricks Power CooperativeBUNDLED10.072,446.91250,23125,193,400
Boone REMCBUNDLED10.613,546.64174,91018,556,000
Northeastern REMCBUNDLED11.43360.17173,87519,868,200
110 providers total

Power Plants in Indiana

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
GibsonDuke Energy Indiana (91.41%)Wabash Valley Power Association (4.30%)Indiana Municipal Power Agency (4.29%)
Gibson County Coal 8,912,923.069,404,907,368.041,055.2
Lawrenceburg Power, LLCArcLight Capital (50.00%)The Blackstone Group (50.00%)
Lawrenceburg Natural Gas 8,374,2113,189,128,003.04380.83
AES PetersburgAES Indiana (100.00%)
Pike County Coal 7,382,6137,409,936,849.291,003.7
Clifty CreekIndiana Kentucky Electric Corporation (100.00%)
Madison Coal 5,530,1025,545,640,320.751,002.81
MeromHoosier Energy (100.00%)
Sullivan County Coal 5,198,271.015,076,031,221.49976.48
WarrickAGC Division of APG Incorporated (81.24%)Vectren Energy (18.76%)
Warrick County Coal 4,556,450.034,578,539,855.241,004.85
St Joseph Energy CenterSt Joseph Energy Center LLC (100.00%)
St. Joseph County Natural Gas 4,504,1771,671,206,836.88371.03
RockportIndiana Michigan Power (50.00%)Kentucky Power (15.00%)American Electric Power (35.00%)
Spencer County Coal 4,503,0155,251,583,682.11,166.2412/2028
CayugaDuke Energy Indiana (100.00%)
Vermillion County Coal 4,467,7284,209,945,070.32942.3
EdwardsportDuke Energy Indiana (100.00%)
Knox County Coal 3,565,359.021,581,169,153.9443.48
164 power plants total

Quick Facts

Indiana is 17th highest in the nation for electricity production from wind per capita, averaging 1.37 megawatt hours per person produced from wind.

Solar power usage in Indiana has gone up by 101.95% year over year, with 984,362.41 megawatt hours being generated from solar energy over the course of the past year compared to 487,432.77 the 12 months before.

Non-renewable fuel types are used in the production of 88.49% of the megawatt hours produced in Indiana, ranking it 15th worst for total megawatt hours produced from non-renewable fuels.

The population of Indiana has increased by 0.79% in the last year.

Ranking 15th in wind power production in the country, Indiana has a total yield of 9,316,448.51 megawatt hours from wind power.

There was a 5.18% drop in CO2 emissions per capita within the past 12 months in Indiana.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Adams County35,8094114.14$154.26/mo
Allen County385,410514.46$136.63/mo
Bartholomew County82,208313.90$156.19/mo
Benton County8,7195513.89$155.47/mo
Blackford County12,112315.16$132.99/mo
Boone County70,8121013.55$175.10/mo
Brown County15,475414.48$163.36/mo
Carroll County20,3066113.85$149.57/mo
Cass County37,8706212.96$126.82/mo
Clark County121,0935113.08$157.61/mo
Clay County26,4664214.43$153.63/mo
Clinton County33,190512.88$129.39/mo
Crawford County10,526413.23$138.05/mo
Daviess County33,3815112.48$155.77/mo
DeKalb County43,265814.27$123.17/mo
Dearborn County50,6796113.83$154.01/mo
Decatur County26,4724113.88$163.21/mo
Delaware County111,903415.00$135.57/mo
Dubois County43,6377112.23$127.17/mo
Elkhart County207,0475315.87$118.61/mo
Fayette County23,398513.60$155.61/mo
Floyd County80,4844112.51$151.43/mo
Fountain County16,479613.97$142.07/mo
Franklin County22,785613.90$157.86/mo
Fulton County20,480513.23$152.50/mo
Gibson County33,0115113.62$146.66/mo
Grant County66,6744215.11$132.03/mo
Greene County30,8035214.58$157.23/mo
Hamilton County347,4677213.85$142.12/mo
Hancock County79,8407113.50$164.31/mo
Harrison County39,6543111.90$152.73/mo
Hendricks County174,7887212.47$143.87/mo
Henry County48,91410112.87$155.22/mo
Howard County83,6583113.85$142.68/mo
Huntington County36,662613.08$155.89/mo
Jackson County46,4283113.09$163.82/mo
Jasper County32,9186513.17$144.94/mo
Jay County20,4783413.19$175.07/mo
Jefferson County33,1474113.96$151.66/mo
Jennings County27,613613.78$162.75/mo
Johnson County161,7658312.97$141.39/mo
Knox County36,2824212.26$145.52/mo
Kosciusko County80,240612.79$111.13/mo
LaGrange County40,4463114.69$110.85/mo
LaPorte County112,4176214.88$121.20/mo
Lake County498,7002916.09$114.01/mo
Lawrence County45,0116213.63$153.80/mo
Madison County130,12991014.07$131.22/mo
Marion County977,20321812.33$119.71/mo
Marshall County46,0957115.03$135.30/mo
Martin County9,8125112.78$159.42/mo
Miami County35,9626312.84$135.00/mo
Monroe County139,7185114.59$156.23/mo
Montgomery County37,93611613.70$142.79/mo
Morgan County71,7808114.43$154.97/mo
Newton County13,8304114.27$135.46/mo
Noble County47,457812.96$129.00/mo
Ohio County5,940213.73$157.90/mo
Orange County19,867513.95$143.50/mo
Owen County21,321415.09$163.75/mo
Parke County16,156614.33$145.70/mo
Perry County19,1704312.98$132.62/mo
Pike County12,2506214.08$147.02/mo
Porter County173,2153314.99$117.90/mo
Posey County25,2225215.40$149.14/mo
Pulaski County12,514713.73$137.20/mo
Putnam County36,726713.62$146.22/mo
Randolph County24,5024414.18$149.83/mo
Ripley County28,995414.09$161.83/mo
Rush County16,752314.24$161.94/mo
Scott County24,3845112.93$158.90/mo
Shelby County45,055314.29$164.18/mo
Spencer County19,8103313.76$137.39/mo
St. Joseph County272,9129715.02$124.47/mo
Starke County23,371413.60$123.94/mo
Steuben County34,435513.58$108.95/mo
Sullivan County20,8174212.21$145.62/mo
Switzerland County9,737314.20$165.28/mo
Tippecanoe County186,2515614.04$144.40/mo
Tipton County15,3596113.45$128.75/mo
Union County7,087313.59$151.85/mo
Vanderburgh County180,1362216.44$150.27/mo
Vermillion County15,4395213.84$147.03/mo
Vigo County106,1534313.31$143.53/mo
Wabash County30,976613.02$155.93/mo
Warren County8,4404113.78$165.40/mo
Warrick County63,8986216.17$149.35/mo
Washington County28,182513.13$161.72/mo
Wayne County66,5538813.07$145.85/mo
Wells County28,1804113.59$140.86/mo
White County24,68861014.08$145.58/mo
Whitley County34,1919213.27$138.52/mo

Power Plant Fuel Types, Emissions & Pollution Factors

In Indiana, Coal is 53.96% of the fuel types used in electricity production. Adding Coal totals to Natural Gas (31.84%) and Wind (9.78%), these three fuel types make up 95.58% state electricity generation. On average, the state citizens emit 10,180.4 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 69,079,362,658.71 kilograms. Indiana is home to 164 power plants, which is the 17th most in the country and 30th most when counting power plants per person.

COAL
Coal
Coal
Coal
Coal
Coal
Coal
53.96%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
31.84%
WIND
Wind
9.78%
BLAST FURNACE GAS
Blast Furnace Gas
1.40%
SOLAR
Solar
1.03%
OTHER
Other
1.99%

Indiana Net Metering

About 41.44% 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 43 companies in Indiana that reported energy loss. Combined, these 43 providers average a yearly energy loss of 3.71% of electricity produced. The United States average is 2.76%, meaning Indiana ranks 32nd 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 53.96% of the fuel used in the state. The second and third most used fuels are Natural Gas and Wind, which account for 31.84% and 9.78% 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 2022 is 14.14 cents.

What is the average electric bill in Indiana?

In 2022, Indiana has an average electricity bill of $138, and the US average is $130.

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 164 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.

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