Indiana Michigan Power Co Electricity Rates

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, which averaged 15.78¢, Indiana Michigan Power Co is close to its own ownership class within the state (+3.4%).

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

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 - near the national residential norm, implying a typical annual bill near $1,619.

Within Indiana the median reporting utility sells about 12,086 kWh per customer, so Indiana Michigan Power Co customers use -17.8% against their own state's middle. Consumption this light usually tracks denser housing, gas heating or a milder service territory, which softens the bill impact of a high per-kWh price.

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.

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, 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.