State electricity profile · 2024
Indiana Electricity
Indiana's residential electricity rate is 14.77¢/kWh, 10.4% below the US average. Keep scrolling for the commercial and industrial breakdown and generation mix, per EIA filings.
- 14.77¢/kWh
- Residential rate
- -10.4%
- vs US average
- 15%
- Renewable
- 3.1M
- Customers
Verify with EIA → · Methodology
The verdict · 2024
Indiana's residential electricity runs 14.77¢/kWh - 10.4% below the 16.48¢/kWh national average, cheaper than 51% of states, with 15% of its power from renewables.
Rate is the EIA state average across all 3.1M residential customers, a benchmark for comparing states, not the rate on any single bill. Source: EIA Form-861.
What Indiana's Electricity Data Tells Us
For 2024, EIA data puts Indiana's residential electricity rate at 14.77¢/kWh, spread across 3.1M metered households, versus a national residential average of 16.48¢/kWh, a difference of 10.4% below. Commercial rates sit at 12.44¢/kWh while industrial buyers pay 8.15¢/kWh, reflecting the cost differentials that come from voltage level, load factor, and contract length across EIA Form-861 survey respondents. The residential sector sold 33.0M MWh across the year on roughly $4.9B in utility revenue, a useful yardstick for sizing local demand against the grid mix that serves it.
The generation mix is led by coal at 42.6% of in-state production; natural gas comes next, contributing 41.9%, and wind rounding out the top three at 10.8%. 14.9% of Indiana's electricity output comes from renewable fuels, solar, wind, hydro, geothermal, and biomass combined, a figure that matters because each renewable megawatt-hour displaces fuel costs that otherwise flow through to retail bills. Expansion headroom remains: cost curves for wind and solar have fallen faster than fossil alternatives for most of the last decade.
Looking back across EIA records, residential prices in Indiana moved from 11.79¢/kWh in 2016 to 14.77¢/kWh in 2024, a 25.3% shift over that window. Oregon, Arizona, Colorado price out at a comparable level, a handy peer set for cross-checking. For anyone negotiating a supplier contract, weighing an energy-efficiency upgrade, or modeling a household budget, the combination of current rate, multi-year trend, and generation mix offers a sturdier footing than any single data point on its own.
-10.4%
vs the US residential average
51%
of states have higher residential rates
15%
renewable share, below the US mix
3.1M
residential customers served
How Indiana compares
Cents per kWh, EIA Form 861. Pick a benchmark above to compare Indiana against the US average or a peer state.
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2024 | 14.77¢/kWh | -1.1% |
| 2023 | 14.94¢/kWh | +2.4% |
| 2022 | 14.59¢/kWh | +9.1% |
| 2021 | 13.37¢/kWh | +4.2% |
| 2020 | 12.83¢/kWh | +2.0% |
| 2019 | 12.58¢/kWh | +2.6% |
| 2018 | 12.26¢/kWh | -0.2% |
| 2017 | 12.29¢/kWh | +4.2% |
| 2016 | 11.79¢/kWh | - |
Energy Generation Mix
How Indiana generates its electricity. Renewable sources account for 14.9% of generation.
- Coal42.6%
- Natural Gas41.9%
- Windrenewable10.8%
- Solarrenewable3.7%
- Other0.5%
- Hydrorenewable0.4%
- Petroleum0.1%
Market Overview
Residential Revenue
$4.9B
Commercial Revenue
$2.9B
Residential Sales
33.0M MWh
Residential Customers
3.1M
Frequently Asked Questions
How much does electricity cost in Indiana? ▼
How much of Indiana's electricity is renewable? ▼
Are electricity prices going up in Indiana? ▼
What are commercial and industrial electricity rates in Indiana? ▼
What is the cheapest energy source in Indiana? ▼
Where does RateWatt's Indiana electricity data come from? ▼
States with Similar Electricity Prices
Using Indiana's numbers
This is the state average, use it as a benchmark, not a quote for your address.
- Indiana sits 10.4% below the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. Indiana price trend
- Compare Indiana side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Energy Guides
Understanding Electricity Rates
What ¢/kWh means and how your bill is calculated
Why Prices Vary by State
Generation mix, regulation, and geography
US Energy Sources Explained
How each fuel source powers the grid
Renewable vs Fossil Fuel Costs
LCOE comparison and the cost crossover
Cheapest States for Electricity
Which states pay the least and why
Primary source data for Indiana
Every figure on this page traces to these official federal datasets.
- 📊 EIA State Energy Profile, Indiana State energy database
- ⚡ EIA Electric Power Monthly Generation and price statistics
- 🌿 EPA eGRID Power-grid emissions database
- ☀️ NREL solar resource maps Solar potential by location
- 💨 NREL wind resource maps Wind potential by location
- ⚛️ NRC reactor data Nuclear operating status
- ⚡ FERC market data Transmission and market prices
- 🏛️ NARUC commissions State public utility commissions
- 📖 EIA energy mapping system Interactive federal energy map
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult 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. State prices and generation mix are pulled directly from the EIA's published tables for this state. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.