Rate comparison

How this price compares

Ranked by price against the 46 utilities reporting residential rates in Indiana, Indiana Michigan Power Co comes 39th 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, whose customer-weighted average is 14.85¢, Indiana Michigan Power Co is above its own ownership class within the state (+9.8%).

State price distribution

Territory and usage

Scale and consumption

Indiana Michigan Power Co reported 422.1K residential customers, ranking 4th of 46 utilities in Indiana by customers served and covering 14.6% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 9,930 kWh per customer per year - -17.8% against the Indiana median of 12,086 kWh , implying a typical annual bill near $1,619.

State peers

Every utility reporting in Indiana

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

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

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond Indiana, these indexable investor owned utilities report the closest residential averages to Indiana Michigan Power Co in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

FAQ

Common questions about Indiana Michigan Power Co rates

How much does Indiana Michigan Power Co charge per kWh?

Indiana Michigan Power Co reported an average residential price of 16.31¢ 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 Indiana Michigan Power Co expensive compared with the rest of Indiana?

Its average residential price is above the Indiana customer-weighted average of 14.96¢ per kWh, a difference of +9.0%. The state figure is weighted by customers across the 46 utilities reporting residential service in Indiana.

What is the average electricity bill for Indiana Michigan Power Co customers?

Dividing reported residential sales by residential customers gives about 9,930 kWh per customer per year. At the reported average price that implies roughly $1,619 a year, or about $135 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns Indiana Michigan Power Co?

EIA classifies Indiana Michigan Power Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

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 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.