Indiana · Investor Owned

AES Indiana Electricity Rates

Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.

13.75¢
Avg residential price / kWh
469.5K
Residential customers
-8.1%
vs Indiana average
$1,478
Implied avg annual bill

AES Indiana charged an average of 13.75¢ per kWh to residential customers in 2024 - below the Indiana average and below the US average.

AES Indiana is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is below the Indiana customer-weighted average (-8.1%). Its customers used near the national residential norm at about 10,753 kWh a year each.

How this price compares

Ranked by price against the 46 utilities reporting residential rates in Indiana, AES Indiana comes 16th of 46. The state's range runs from City of Auburn - (IN) at 8.52¢ to Sunnova at 24.44¢, so where a household sits inside Indiana depends far more on which utility serves it than on the statewide average alone.

Against the 4 other investor owned utilities reporting in Indiana, which averaged 16.42¢, AES Indiana is below its own ownership class within the state (-16.2%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 46 reporting utilities.

Where AES Indiana sits among Indiana utilities

2024 average residential price across the 46 utilities reporting a rate in Indiana

13.75¢/kWh Top 35% most affordable More affordable than 67% of 45 other utilities

AES Indiana

average residential price, equal-width bands

Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.

Source EIA Form 861 · 2024

AES Indiana average residential price against three benchmarks, 2024
BenchmarkPrice / kWhDifference
AES Indiana 13.75¢ -
Indiana (customer-weighted, 46 utilities) 14.96¢ -8.1%
United States average 16.48¢ -16.6%
Investor Owned utilities nationally (183) 17.36¢ -20.8%

Rate against consumption: Indiana utilities

Each dot is one of the 46 Indiana utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. AES Indiana is highlighted. In Indiana the cheapest rate belongs to City of Auburn - (IN) (8.52¢) while the smallest implied annual bill belongs to City of Mishawaka ($742) - a household's bill is price multiplied by consumption, so the two rankings are different lists. 2×2 strategic matrix plotting 46 entities by Price rank percentile (100 = most expensive in state) (X) and Consumption rank percentile (100 = heaviest use) (Y), with a crosshair dividing the plot into four quadrants. Costly rate, heavy useCheaper rate, heavy useCostly rate, light useCheaper rate, light use -50050100150 -50050100150 Price rank percentile (100 = most expensive in state) Consumption rank percentile (100 = heaviest use)
Each dot is one of the 46 Indiana utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. AES Indiana is highlighted. In Indiana the cheapest rate belongs to City of Auburn - (IN) (8.52¢) while the smallest implied annual bill belongs to City of Mishawaka ($742) - a household's bill is price multiplied by consumption, so the two rankings are different lists.

Scale and consumption

AES Indiana reported 469.5K residential customers, ranking 2nd of 46 utilities in Indiana by customers served and covering 16.2% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 10,753 kWh per customer per year - near the national residential norm, implying a typical annual bill near $1,478.

Within Indiana the median reporting utility sells about 12,086 kWh per customer, so AES Indiana customers use -11.0% against their own state's middle. Consumption close to the state middle means bills here track the price ranking fairly directly.

Every utility reporting in Indiana

All 46 utilities reporting bundled residential service in Indiana, largest first, with AES Indiana marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

Residential utilities in Indiana, 2024, ranked by customers served
Utility Ownership Customers Avg ¢/kWh
Duke Energy Indiana, LLC Investor Owned 796.3K 12.75¢
AES Indiana (this page) Investor Owned 469.5K 13.75¢
Northern Indiana Pub Serv Co Investor Owned 430.6K 19.09¢
Indiana Michigan Power Co Investor Owned 422.1K 16.31¢
Southern Indiana Gas & Elec Co Investor Owned 133.8K 17.52¢
Hendricks County Rural E M C Cooperative 37.6K 13.84¢
South Central Indiana REMC Cooperative 34.9K 17.73¢
Northeastern Rural E M C Cooperative 30.6K 14.96¢
City of Anderson - (IN) Municipal 29.5K 12.82¢
Tipmont Rural Elec Member Corp Cooperative 28.9K 16.07¢
Johnson County Rural E M C Cooperative 28.3K 13.79¢
Clark County Rural E M C - (IN) Cooperative 27.1K 14.63¢
Southeastern Indiana R E M C Cooperative 26.2K 15.22¢
City of Mishawaka Municipal 25.1K 10.32¢
Jackson County Rural E M C - (IN) Cooperative 24.2K 15.32¢
Harrison County Rural E M C Cooperative 23.2K 13.88¢
Kankakee Valley Rural E M C Cooperative 19.0K 15.20¢
Utilities Dist-Western IN REMC Cooperative 18.9K 16.10¢
Boone County Rural EMC Cooperative 18.4K 16.51¢
Heartland REMC Cooperative 18.0K 14.72¢
NineStar Connect Cooperative 17.8K 15.68¢
Kosciusko County Rural E M C Cooperative 17.4K 13.27¢
City of Richmond - (IN) Municipal 16.3K 13.12¢
Western Indiana Energy REMC Cooperative 15.0K 14.39¢
Carroll-White REMC Cooperative 14.8K 14.93¢
RushShelby Energy Cooperative 14.8K 16.89¢
Dubois Rural Electric Coop Inc Cooperative 13.4K 14.38¢
Whitewater Valley Rural EMC Cooperative 12.0K 15.83¢
City of Greenfield - (IN) Municipal 11.9K 13.13¢
Bartholomew County Rural E M C Cooperative 11.4K 14.71¢
City of Logansport - (IN) Municipal 11.3K 10.93¢
Noble County R E M C Cooperative 11.0K 13.53¢
City of Peru - (IN) Municipal 9.1K 13.74¢
Southern Indiana R E C, Inc Cooperative 8.9K 15.73¢
Crawfordsville Elec, Lgt & Pwr Municipal 8.6K 13.62¢
Decatur County Rural E M C Cooperative 8.1K 15.83¢
City of Lebanon - (IN) Municipal 8.1K 12.57¢
Daviess Martin County R E M C Cooperative 8.0K 15.15¢
City of Frankfort - (IN) Municipal 7.8K 12.04¢
Jasper County Rural E M C Cooperative 7.7K 15.34¢
City of Auburn - (IN) Municipal 6.8K 8.52¢
City of Jasper - (IN) Municipal 6.6K 11.19¢
City of Bluffton - (IN) Municipal 5.0K 10.38¢
Paulding-Putman Elec Coop, Inc Cooperative 3.9K 13.96¢
Midwest Energy Cooperative - (MI) Cooperative 310 19.16¢
Sunnova Behind the Meter 2 24.44¢

For generation mix and price history statewide, see electricity rates in Indiana.

Common questions about AES Indiana rates

How much does AES Indiana charge per kWh?
AES Indiana reported an average residential price of 13.75¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
Is AES Indiana expensive compared with the rest of Indiana?
Its average residential price is below the Indiana customer-weighted average of 14.96¢ per kWh, a difference of -8.1%. The state figure is weighted by customers across the 46 utilities reporting residential service in Indiana.
What is the average electricity bill for AES Indiana customers?
Dividing reported residential sales by residential customers gives about 10,753 kWh per customer per year. At the reported average price that implies roughly $1,478 a year, or about $123 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
Who owns AES Indiana?
EIA classifies AES Indiana as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

What this page does and does not tell you

  • An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
  • Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology, why energy prices vary and understanding rate structures.

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.

Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.

Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average and every percentage difference are RateWatt's arithmetic on those reported columns. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.