State electricity profile · EIA monthly through May 2026
Indiana Electricity
As of May 2026, residential electricity in Indiana costs 18.15¢ per kWh (+7.4% vs May 2025). EIA publishes these figures monthly and this page follows them. Indiana's 2025 annual residential electricity rate is 16.23¢/kWh, 6.2% below the US average. The rate runs below the national average on a mix that is still only 17% renewable. Commercial, industrial and generation-mix figures follow.
- 18.15¢
- May 2026 rate
- +7.4%
- year over year
- 16.23¢/kWh
- Residential rate
- -6.2%
- vs US average
- 17%
- Renewable
- 3.0M
- Customers
Verify with EIA → · Methodology
16.23¢/kWh residential, 13.88¢/kWh commercial
In the U.S. Energy Information Administration's 2025 annual-frequency retail-sales series, Indiana's residential average revenue per kWh is 16.23¢/kWh, with a commercial average of 13.88¢/kWh and an industrial average of 8.89¢/kWh; a separate EIA generation series for 2025 reports 17% of the state's generation from renewables.
- 6.2% below the US average vs national residential average
- 17% renewable generation
The verdict · 2025
Indiana's residential electricity runs 16.23¢/kWh - 6.2% below the 17.30¢/kWh national average, cheaper than 38% of other states, with 17% of its power from renewables.
This is EIA state average revenue per kWh across 3.0M reported residential customers, a benchmark for comparing states, not the tariff on any single bill. Source: EIA retail-sales API, annual frequency.
Annual rate change
What changed in the 2025 annual EIA period
- Indiana's commercial average rose from 12.44¢/kWh to 13.88¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +11.6%.
- Indiana's residential average rose from 14.77¢/kWh to 16.23¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +9.9%.
- Indiana's industrial average rose from 8.15¢/kWh to 8.89¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +9.1%.
Who generates Indiana's electricity
Indiana has 414 operable generating units on EIA's inventory totalling 31,515 MW of net summer capacity. The largest single plant is Gibson , a conventional steam coal station operated by Duke Energy Indiana, LLC , rated 3,132 MW.
Balancing authorities keep supply and demand matched on the grid; the largest here by capacity are Midcontinent Independent Transmission System Operator, Inc. and PJM Interconnection, LLC.
Showing the 16 largest of 219 operable plants in Indiana by net summer capacity.
| Plant | Operator | Technology | County | MW |
|---|---|---|---|---|
| Gibson | Duke Energy Indiana, LLC | Conventional Steam Coal | – | 3,132 |
| Rockport | Indiana Michigan Power Co | Conventional Steam Coal | – | 2,600 |
| Lawrenceburg Power, LLC | Lawrenceburg Power, LLC | Natural Gas Fired Combined Cycle | – | 1,207 |
| Clifty Creek | Indiana-Kentucky Electric Corp | Conventional Steam Coal | – | 1,173 |
| Cayuga | Duke Energy Indiana, LLC | Conventional Steam Coal | – | 1,089 |
| AES Petersburg | AES Indiana | Conventional Steam Coal | – | 1,066 |
| Merom | Hallador Power Company, LLC | Conventional Steam Coal | – | 978 |
| Harding Street | AES Indiana | Natural Gas Steam Turbine | – | 966 |
| R M Schahfer | Northern Indiana Pub Serv Co | Conventional Steam Coal | – | 877 |
| St Joseph Energy Center | St Joseph Energy Center LLC | Natural Gas Fired Combined Cycle | – | 715 |
| Eagle Valley (IN) | AES Indiana | Natural Gas Fired Combined Cycle | – | 673 |
| A B Brown | Southern Indiana Gas & Elec Co | Natural Gas Fired Combustion Turbine | – | 598 |
| Fowler Ridge Wind Farm LLC | AE Power Services LLC | Onshore Wind Turbine | – | 588 |
| Vermillion Energy Facility | Duke Energy Ohio Inc | Natural Gas Fired Combustion Turbine | – | 576 |
| Sugar Creek Power | Northern Indiana Pub Serv Co | Natural Gas Fired Combined Cycle | – | 574 |
| Edwardsport | Duke Energy Indiana, LLC | Coal Integrated Gasification Combined Cycle | – | 555 |
| Operating company | Plants | Net summer MW |
|---|---|---|
| Duke Energy Indiana, LLC | 13 | 5,711 |
| AES Indiana | 5 | 3,128 |
| Indiana Michigan Power Co | 7 | 2,636 |
| Northern Indiana Pub Serv Co | 5 | 1,916 |
| Lawrenceburg Power, LLC | 1 | 1,207 |
| Southern Indiana Gas & Elec Co | 7 | 1,206 |
| Indiana-Kentucky Electric Corp | 1 | 1,173 |
| Hallador Power Company, LLC | 1 | 978 |
| St Joseph Energy Center LLC | 1 | 715 |
| AE Power Services LLC | 1 | 588 |
Operable units only, from EIA's generator inventory as reported for 2026-05. Capacity is net summer rating, which is what a unit can reliably deliver in peak conditions rather than its nameplate figure. Ownership and operatorship can differ; the company shown is the one EIA records as operating the unit.
Market Overview
Residential Revenue
$5.6B
Commercial Revenue
$3.5B
Residential Sales
34.5M MWh
Residential Customers
3.0M
What Indiana's Electricity Data Tells Us
Residential customers in Indiana pay 16.23¢/kWh in 2025, across 3.0M metered households, placing the state 6.2% below the national residential average of 17.30¢/kWh. Commercial rates sit at 13.88¢/kWh while industrial buyers pay 8.89¢/kWh. These sector averages describe recorded revenue per kWh; this dataset alone does not establish why they differ. Annual residential sales total 34.5M MWh on roughly $5.6B in utility revenue. Sales and revenue are reported retail-series measures and should not be treated as a local load forecast.
Indiana prices its sectors in step: 20 of 51 residential against 21 industrial. A state this consistent is the exception rather than the rule, and it means the residential figure above is a fair proxy for how the whole grid is priced. No single fuel reaches half of Indiana's in-state generation. Coal leads at 45.9%, with natural gas at 37.0% close enough behind that the mix reads as a balance rather than a clear lead. It is the leading fuel in 9 states. Renewable fuels (solar, wind, hydro, geothermal and biomass) account for 16.6% of Indiana's electricity output. These shares describe in-state generation, not a utility-specific customer bill.
Looking back across EIA records, residential prices in Indiana moved from 11.79¢/kWh in 2016 to 16.23¢/kWh in 2025, a 37.7% shift over that window. States charging a similar rate include Alabama, Colorado, Minnesota, a useful peer set for a sanity check. A coal-led grid prices differently from a fuel-market-led one. Indiana's generators buy under multi-year contracts and recover plant capital through the rate base, so the rate above tends to move in regulated steps rather than with any commodity price, and the live question is what retiring units get replaced with. A state average sitting modestly under the national one is the easiest kind to misread, because the spread between utilities inside Indiana can be wider than the gap to the national figure it is being compared against.
-6.2%
Cheaper vs the US residential average
38%
of states have higher rates — Above-average cost
17%
Low renewable share — below the 25% US mix
3.0M
residential customers served
Energy Generation Mix (2025)
How Indiana generates its electricity, from the EIA generation series for 2025 (separate from the 2025 retail-sales price figures above). Renewable sources account for 16.6% of generation.
- Coal45.9%
- Natural Gas37.0%
- Windrenewable9.6%
- Solarrenewable6.7%
- Other0.4%
- Hydrorenewable0.3%
- Petroleum0.2%
Residential Price History
Indiana residential average revenue per kWh moved from 11.79¢/kWh in 2016 to 16.23¢/kWh in 2025 (37.7% over the window).
- Indiana residential avg
- 16.23¢/kWh 37.7% since 2016
- 2016 → 2025
- Indiana residential: 2016, 11.8¢
- Indiana residential: 2017, 12.3¢
- Indiana residential: 2018, 12.3¢
- Indiana residential: 2019, 12.6¢
- Indiana residential: 2020, 12.8¢
- Indiana residential: 2021, 13.4¢
- Indiana residential: 2022, 14.6¢
- Indiana residential: 2023, 14.9¢
- Indiana residential: 2024, 14.8¢
- Indiana residential: 2025, 16.2¢
Source: U.S. Energy Information Administration, retail-sales API · annual frequency. Indiana full trend →
Indiana Average Price by Sector and Year (¢/kWh)
The chart above tracks households only. In 2025, Indiana households paid 16.23¢/kWh while businesses paid 13.88¢/kWh, a 16.9% residential premium, a moderate household-versus-business gap. Every year EIA has published is below, so a single year can be read across all three sectors rather than assembled from three separate EIA queries.
| Year | Residential | Commercial | Industrial |
|---|---|---|---|
| 2025 | 16.23¢/kWh | 13.88¢/kWh | 8.89¢/kWh |
| 2024 | 14.77¢/kWh | 12.44¢/kWh | 8.15¢/kWh |
| 2023 | 14.94¢/kWh | 12.55¢/kWh | 8.24¢/kWh |
| 2022 | 14.59¢/kWh | 12.86¢/kWh | 8.65¢/kWh |
| 2021 | 13.37¢/kWh | 11.58¢/kWh | 7.39¢/kWh |
| 2020 | 12.83¢/kWh | 11.21¢/kWh | 6.98¢/kWh |
| 2019 | 12.58¢/kWh | 11.03¢/kWh | 7.36¢/kWh |
| 2018 | 12.26¢/kWh | 10.60¢/kWh | 7.38¢/kWh |
| 2017 | 12.29¢/kWh | 10.54¢/kWh | 7.54¢/kWh |
| 2016 | 11.79¢/kWh | 10.01¢/kWh | 6.97¢/kWh |
Average revenue per kilowatt-hour, U.S. Energy Information Administration annual-frequency retail-sales series. Revenue per kWh is what customers in each sector actually paid on average, not an advertised tariff rate. Years with no EIA figure for a sector show —.
Where Indiana's residential rate sits nationally
2025 average revenue per kWh across every reporting state
16.23¢/kWh 38th affordability percentile More affordable than 38% of 50 other states
all reporting states, equal-width bands
Each bar spans 5¢/kWh. Taller bars contain more states; the dashed marker locates this state. Hover, focus or tap a bar for its exact count and share.
Source U.S. Energy Information Administration, retail-sales API · 2025 annual frequency
How Indiana compares
Average revenue per kWh, EIA retail-sales API. Pick a benchmark above to compare Indiana against the US average or a peer state.
States with Similar Electricity Prices
Other states led by coal
These grids also report coal as their largest generation share in the latest EIA mix — a different peer set from the price neighbors above.
Frequently Asked Questions
How much does electricity cost in Indiana? ▼
Where does Indiana's residential electricity rate rank nationally? ▼
How much of Indiana's electricity is renewable? ▼
Are electricity prices going up in Indiana? ▼
What are commercial and industrial electricity rates in Indiana? ▼
Which energy sources generate the most electricity in Indiana? ▼
Where does RateWatt's Indiana electricity data come from? ▼
Using Indiana's numbers
Indiana is mid-transition, which is the phase where prices are hardest to predict: it is paying to run the old fleet and to build the new one at the same time, and the rate above sits in the middle of that.
- Indiana sits 6.2% 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, computed as revenue divided by sales, so delivery and taxes are inside them but not broken out. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Read with Indiana: understanding electricity rates
Where Indiana's figures come from
Every price and generation figure on this page is drawn from the EIA series below, and from nothing else.
Utilities serving Indiana
The 46 utilities that reported bundled residential service in Indiana to EIA Form 861 (2024), largest first. Entity prices below are Form 861 averages for that release, not the same survey as the 2025 retail-sales statewide average above, and not a household tariff. What an individual household pays depends on which of these serves its address.
| Utility | Ownership | Customers | Avg ¢/kWh |
|---|---|---|---|
| Duke Energy Indiana, LLC | Investor Owned | 796.3K | 12.75¢ |
| AES Indiana | 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¢ |
Showing the 15 largest of 46 reporting utilities. The 5 serving 100.0K+ residential customers link to a full profile. Presence in EIA Form 861 is not evidence that a utility is available at a given address or that a customer may choose it.
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. Statewide prices use the EIA retail-sales annual series (2025). Generation mix uses a separate EIA generation series (2025). Utility rows use Form EIA-861 (2024) and are not averaged into the statewide retail-sales figure. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.