Indiana electricity rates (August 2026)

Average residential and commercial electricity prices in Indiana from EIA's monthly utility survey, with the trend, the largest utilities and what power costs a typical homeowner.

Residential rate

17.02¢

▲ 5.0% vs a year agoper kWh, August 2026; ranks 24 of 51 (1 = highest)

Commercial rate

13.29¢

per kWh, August 2026

Average home bill

$157

per month over the last 12 months, about 929 kWh

U.S. residential average

18.16¢

Indiana is 6% below the U.S. average.

Find your utility's rate by ZIP

Indiana vs U.S. residential rate

Cents per kWh by month, last 36 months.

Last 12 months in Indiana

Month	Residential	Commercial	U.S. residential	Avg kWh	Avg bill
August 2026	17.02¢	13.29¢	18.16¢	1,110	$189
July 2026	16.73¢	13.30¢	18.31¢	1,225	$205
June 2026	17.51¢	14.15¢	18.34¢	937	$164
May 2026	18.15¢	13.88¢	18.44¢	713	$129
April 2026	17.90¢	13.78¢	18.86¢	688	$123
March 2026	17.85¢	14.32¢	18.60¢	806	$144
February 2026	16.06¢	14.39¢	17.65¢	1,089	$175
January 2026	16.19¢	13.85¢	17.45¢	1,187	$192
December 2025	15.65¢	13.48¢	17.11¢	1,080	$169
November 2025	17.12¢	13.85¢	17.77¢	755	$129
October 2025	17.02¢	13.72¢	17.95¢	718	$122
September 2025	16.99¢	13.93¢	18.05¢	844	$143

Largest utilities in Indiana

Residential rates for the biggest utilities in Indiana that report monthly to EIA, ordered by number of homes served, for August 2026.

Utility	Type	Rate	Avg kWh	Avg bill	Homes
Duke Energy Indiana, LLC	Investor Owned	16.16¢	1,079	$174	819,956
AES Indiana	Investor Owned	16.79¢	962	$162	472,208
Northern Indiana Pub Serv Co	Investor Owned	23.43¢	820	$192	434,142
Indiana Michigan Power Co	Investor Owned	14.63¢	943	$138	426,284
Southern Indiana Gas & Elec Co	Investor Owned	22.16¢	1,194	$265	135,205

What electricity adds to owning a home in Indiana

A typical Indiana home is valued at $257,165 (Zillow). With 10% down at this week's 7.24% 30-year rate, principal and interest come to about $1,577 a month. The average electric bill of $157 adds about 10% on top of that, or $1,885 a year. See Indiana property tax and closing costs or run the monthly payment.

Bills follow the seasons: in Indiana the highest-use month of the last year averaged 1,225 kWh per home and the lowest 688 kWh. Budget for the expensive months, not the average.

Common questions

What is the average electricity rate in Indiana?

Homes in Indiana paid an average of 17.02 cents per kWh in August 2026, 6% below the U.S. average of 18.16 cents (EIA Form 861M).

How much is the average electric bill in Indiana?

Over the last 12 months the average Indiana home used about 929 kWh a month and paid about $157 a month.

Have Indiana electricity rates gone up?

The residential rate is 5.0% higher than in August 2025, when it was 16.21 cents per kWh.

What do businesses pay for electricity in Indiana?

Commercial customers in Indiana paid 13.29 cents per kWh in August 2026.

Electricity rates in all statesRanked table and ZIP lookup Indiana buying costsProperty tax, transfer tax and closing costs Indiana buyer programsDown payment help where you live

Sources: U.S. Energy Information Administration (EIA), Form EIA-861M monthly sales and revenue (state and utility data, latest month August 2026; EIA marks recent months preliminary and may revise them); ZIP-to-utility map: OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zip Code (2024), CC BY 4.0. Rates are average revenue per kWh (total bill divided by kWh sold), so they include fixed and delivery charges. EIA posts each month about eight weeks after it ends; this page checks for new data every morning.