Electricity Rates in Indiana
Electricity Rates, Plans & Statistics
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Electricity Companies & Statistics in Indiana
- Population see rank6,833,037
- Total Production see rank91,967,278 MWh / 13.46 MWh per capita
- Total Consumption see rank96,362,140 MWh / 14.1 MWh per capita
- Total Production from Renewable see rank12,367,726 MWh / 1.81 MWh per capita
- CO2 Emissions from Consumption see rank60,307,414,684 kg / 8,825.86 kg per capita
- Total Production from Non-Renewable see rank79,599,551 MWh / 11.65 MWh per capita
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Average Residential Electricity Bills & Rates in Indiana
Indiana residential electric rates are highest in October and the highest average bill is in August.
Historical Electricity Rates:
Indiana Electricity Fuel Mix
Indiana's Electricity Prices and Usage
The average residential electricity rate in Indiana in 2024 is 14.49 cents per kilowatt hour, which is 10.12% below the national average rate of 16.12 cents. Indiana is the 27th best priced state in the nation by average electricity rate. The electricity market in the state is regulated, meaning customers must choose their supplier based on where they live. Of the over 110 electricity suppliers most customers will have only one option. There has been a 82.49% increase in the amount of electricity produced from solar energy throughout the previous year, which is an increase of 961,980.08 megawatt hours a year. In the past year, Indiana has seen a 3.93% rise in electricity production using renewable fuels rather than traditional non-renewable sources. The state generates roughly 13.46 megawatt hours per person per year from its electricity generating plants, which makes it the 22nd highest generator per capita in the US. Coal usage for electricity generation in the state has decreased by 13.38% during the previous 12 months.
Residential Electricity Providers in Indiana
Provider | Service Type | Residential Rate (¢) | Residential Average Bill ($) | Residential Sales (MWh) | Residential Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Duke Energy Indiana | BUNDLED | 13.17 | 121.47 | 8,707,441.32 | 1,146,606,511 | 17,328,534.05 |
AES Indiana | BUNDLED | 12.97 | 114.42 | 4,884,584.65 | 633,334,766 | 12,277,495.5 |
Indiana Michigan Power | BUNDLED | 16.09 | 129.62 | 4,059,764.47 | 653,166,556 | 6,826,242.52 |
Northern Indiana Public Services Company | BUNDLED | 17.75 | 113 | 3,259,778.8 | 578,529,883 | 5,951,727.02 |
Vectren Energy | BUNDLED | 16.71 | 143.45 | 1,367,513.02 | 228,453,994 | 8,776,476.43 |
Hendricks Power Cooperative | BUNDLED | 12.71 | 146.72 | 467,704.98 | 59,423,939.45 | |
South Central Indiana REMC | BUNDLED | 15.24 | 163.24 | 416,009.08 | 63,418,728.85 | |
Jackson County REMC | BUNDLED | 13.30 | 170.48 | 348,465.72 | 46,355,639.22 | |
Clark County REMC | BUNDLED | 13.51 | 159.95 | 347,276.29 | 46,921,118.25 | |
Southeastern Indiana | BUNDLED | 14.32 | 162.61 | 332,461.85 | 47,623,726.62 |
Commercial Electricity Providers in Indiana
Provider | Service Type | Commercial Rate (¢) | Commercial Average Bill ($) | Commercial Sales (MWh) | Commercial Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Duke Energy Indiana | BUNDLED | 10.45 | 637.59 | 8,035,971.98 | 840,094,008 | 17,328,534.05 |
Indiana Michigan Power | BUNDLED | 11.55 | 703.47 | 4,099,550.86 | 473,399,444 | 6,826,242.52 |
Northern Indiana Public Services Company | BUNDLED | 15.76 | 823.11 | 3,721,528.63 | 586,523,878 | 5,951,727.02 |
AES Indiana | BUNDLED | 13.49 | 358.11 | 1,753,917.97 | 236,560,642 | 12,277,495.5 |
Vectren Energy | BUNDLED | 15.99 | 799.36 | 1,151,646.86 | 184,105,889 | 8,776,476.43 |
Mishawaka Utilities | BUNDLED | 9.86 | 768.45 | 340,851.13 | 33,621,916.57 | |
Hendricks Power Cooperative | BUNDLED | 9.72 | 2,379.78 | 273,244.64 | 26,546,401.17 | |
Anderson Electric | BUNDLED | 9.86 | 521.27 | 261,579.54 | 25,792,364.06 | |
Boone REMC | BUNDLED | 10.58 | 3,482.28 | 195,004.38 | 20,632,483.69 | |
Northeastern REMC | BUNDLED | 11.66 | 691.53 | 181,809.26 | 21,205,703.47 |
Power Plants in Indiana
Plant | City/County | Primary Fuel Type | Production (MWh) | Emission (KG) | Emissions/MWh (KG/MWh) | Toxic Chemical Release | Closing Date |
---|---|---|---|---|---|---|---|
Gibson County | Coal | 8,790,748.01 | 9,392,533,593.5 | 1,068.46 | |||
Lawrenceburg | Natural Gas | 8,710,951 | 3,290,698,214.16 | 377.77 | |||
St Joseph Energy CenterSt Joseph Energy Center LLC (100.00%) | St. Joseph County | Natural Gas | 5,563,890 | 2,010,045,980.6 | 361.27 | ||
Eagle Valley (IN)AES Indiana (100.00%) | Morgan County | Natural Gas | 5,218,151 | 1,920,202,666.2 | 367.99 | ||
Clifty CreekIndiana Kentucky Electric Corporation (100.00%) | Madison | Coal | 4,914,983.02 | 5,061,560,578.21 | 1,029.82 | ||
Vermillion County | Coal | 4,386,944 | 4,068,454,381.65 | 927.4 | |||
Warrick County | Coal | 3,998,954.01 | 4,053,206,579.62 | 1,013.57 | |||
MeromHallador Power Company, LLC (100.00%) | Sullivan County | Coal | 3,795,832.02 | 3,854,606,698.96 | 1,015.48 | ||
AES PetersburgAES Indiana (100.00%) | Pike County | Coal | 3,758,703 | 3,911,369,463.6 | 1,040.62 | ||
Spencer County | Coal | 3,669,385.01 | 4,112,070,095.62 | 1,120.64 | 12/2028 |
Quick Facts
The state of Indiana is ranked 18th in the United States for electricity production, producing 91,967,277.92 megawatt hours.
Indiana ranks 16th in the United States for natural gas generation, with 36,269,268.43 megawatt hours generated using the fuel source.
Non-renewable fuel types are used in the production of 86.55% of the megawatt hours produced in Indiana, ranking it 16th worst for total megawatt hours produced from non-renewable fuels.
By megawatt hours sold, the largest supplier in Indiana is Duke Energy Indiana.
Emitting 60,307,414,683.65 kilograms of CO2 emissions during electricity consumption, Indiana is the 4th highest polluting state in the nation based on electricity pollution.
CO2 emissions due to electricity use have improved by -5,950,327,523.12 kilograms (9.20%) in the most recent year in Indiana.
FAQ: Common Questions About Electricity in Indiana
Where does Indiana get its electricity?
Indiana's electricity is produced using primarily Coal, which accounts for 44.42% of the fuel used in the state. The second and third most used fuels are Natural Gas and Wind, which account for 39.44% and 10.31% of total production respectively.
What electricity company is the largest supplier in Indiana?
The largest electricity company in Indiana by total revenue is Duke Energy Indiana.
How much does electricity cost in Indiana?
The average cost per kilowatt hour of electricity in Indiana in 2024 is 14.49 cents.
What is the average electric bill in Indiana?
In 2024, Indiana has an average electricity bill of $131, and the US average is $138.
What power companies offer service in Indiana?
State Customers Rank | Provider | State Customers |
---|---|---|
1 | Duke Energy Indiana | 899,090 |
2 | AES Indiana | 521,807 |
3 | Northern Indiana Public Services Company | 488,167 |
4 | Indiana Michigan Power | 480,019 |
5 | Vectren Energy | 152,022 |
6 | Hendricks Power Cooperative | 34,685 |
7 | Anderson Electric | 32,992 |
8 | South Central Indiana REMC | 32,921 |
9 | Northeastern REMC | 29,659 |
10 | Johnson County REMC | 28,668 |
Does Indiana have a deregulated electricity market?
Indiana has a regulated electricity market, rather than a deregulated market. This means that citizens in the state normally have only one or two electricity supplier options when it comes time to choose who they purchase electricity from.
How many power plants are located in Indiana?
There are 54 power plants located in Indiana.
What is the cheapest electricity company in Indiana?
Residential Rate Rank | Provider | Residential Rate (¢) | State Customers |
---|---|---|---|
1 | Bargersville Utilities Indiana | 8.64 | 3,550 |
2 | Bluffton, Indiana Electric Utility | 9.55 | 5,634 |
3 | Avilla, Indiana Electric Utility | 9.64 | 1,135 |
4 | Ferdinand, Indiana Electric Utility | 9.65 | 843 |
5 | Hagerstown Electric | 9.98 | 1,114 |
6 | South Whitley, Indiana Electric Utility | 10.02 | 885 |
7 | Paoli, Indiana Electric Utility | 10.11 | 1,762 |
8 | Thorntown Utilities | 10.13 | 857 |
9 | Gas City Utilities | 10.19 | 3,100 |
10 | Logansport Municipal Utilities | 10.21 | 12,148 |
How many electric companies offer service in Indiana?
There are 111 electricity companies operating in Indiana.