Electricity rates in Indiana: 16.94¢ per kWh
Homes in Indiana paid an average of 16.94¢ per kilowatt-hour from August 2025 to July 2026, 6% below the U.S. average of 17.99¢. That is the 20th-highest of 51, between Delaware (17.79¢) and Colorado (16.58¢).
The average Indiana home used 935 kWh a month — the 21st-most of the 51 — so its typical bill came to $158 a month, the 21st-highest. At the national rate the same 935 kWh would cost $10 more a month.
In July 2026, the latest month published, the Indiana rate was 16.73¢.
| Rank | State | Average rate | Latest month | Average home use | Average bill |
|---|---|---|---|---|---|
| 18 | Ohio | 18.25¢ | 19.45¢ | 867 kWh/mo | $158/mo |
| 19 | Delaware | 17.79¢ | 18.48¢ | 929 kWh/mo | $165/mo |
| 20 | Indiana | 16.94¢ | 16.73¢ | 935 kWh/mo | $158/mo |
| 21 | Colorado | 16.58¢ | 17.00¢ | 677 kWh/mo | $112/mo |
| 22 | Virginia | 16.48¢ | 17.55¢ | 1,051 kWh/mo | $173/mo |
What a month of electricity costs in Indiana
At 16.94¢ per kWh, every extra 100 kWh a month adds $16.94 to the monthly bill and $203 to the year. The table runs from half to twice the Indiana average home's 935 kWh, using the same calculation as the calculator above.
| Monthly use | Per month | Per year | vs. U.S. rate (17.99¢) |
|---|---|---|---|
| 450 kWh (half the average) | $76 | $915 | −$5 |
| 935 kWh (state average) | $158 | $1,901 | −$10 |
| 1,400 kWh (1.5× the average) | $237 | $2,846 | −$15 |
| 1,850 kWh (twice the average) | $313 | $3,761 | −$19 |
Indiana electricity through the year
The average Indiana home's bill peaked at about $205 in July 2026 and was lowest, about $123, in April 2026. Use ran from 688 kWh in April 2026 to 1,225 kWh in July 2026, 1.8 times as much.
The rate moved too, from 15.91¢ in December 2025 to 18.15¢ in May 2026. A monthly rate includes that month's fuel and seasonal charges, which is why the calculator uses the 12-month average for a yearly estimate.
| Month | Rate | Use per home | Bill per home |
|---|---|---|---|
| Aug 2025 | 16.47¢ | 1,125 kWh | $185 |
| Sep 2025 | 17.33¢ | 856 kWh | $148 |
| Oct 2025 | 17.34¢ | 729 kWh | $126 |
| Nov 2025 | 17.41¢ | 767 kWh | $134 |
| Dec 2025 | 15.91¢ | 1,099 kWh | $175 |
| Jan 2026 | 16.19¢ | 1,187 kWh | $192 |
| Feb 2026 | 16.06¢ | 1,089 kWh | $175 |
| Mar 2026 | 17.85¢ | 805 kWh | $144 |
| Apr 2026 | 17.90¢ | 688 kWh | $123 |
| May 2026 | 18.15¢ | 713 kWh | $129 |
| Jun 2026 | 17.51¢ | 937 kWh | $164 |
| Jul 2026 | 16.73¢ | 1,225 kWh | $205 |
Largest electricity providers in Indiana
Among the 10 largest providers listed, average residential rates in 2024 ran from 12.75¢ at Duke Energy Indiana, LLC to 19.09¢ at Northern Indiana Pub Serv Co. On the average Indiana home's 935 kWh that is a difference of $59 a month.
These are 2024 figures, the latest final year. The Indiana average was 14.77¢ that year and 16.94¢ over the last 12 months, up 15% — compare the providers with each other, not with today's average.
Together they serve 79% of Indiana's 3,056,216 residential customers. The rates are each company's residential revenue divided by kilowatt-hours sold, so customer charges are included; a plan or tier can still differ.
| Provider | Type | Homes served | Average rate | Use per home |
|---|---|---|---|---|
| Duke Energy Indiana, LLC | Investor-owned | 796,265 | 12.75¢ | 943 kWh/mo |
| AES Indiana | Investor-owned | 469,499 | 13.75¢ | 896 kWh/mo |
| Northern Indiana Pub Serv Co | Investor-owned | 430,648 | 19.09¢ | 659 kWh/mo |
| Indiana Michigan Power Co | Investor-owned | 422,062 | 16.31¢ | 828 kWh/mo |
| Southern Indiana Gas & Elec Co | Investor-owned | 133,795 | 17.52¢ | 886 kWh/mo |
| Hendricks County Rural E M C | Cooperative | 37,638 | 13.84¢ | 1,156 kWh/mo |
| South Central Indiana REMC | Cooperative | 34,901 | 17.73¢ | 1,077 kWh/mo |
| Northeastern Rural E M C | Cooperative | 30,610 | 14.96¢ | 999 kWh/mo |
| City of Anderson | Municipal | 29,533 | 12.82¢ | 847 kWh/mo |
| Tipmont Rural Elec Member Corp | Cooperative | 28,885 | 16.07¢ | 961 kWh/mo |