NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in Indiana

What homes in Indiana pay for electricity, from EIA.

Headlines

Average price
16.9¢ a kWh
Up 8.8% on a year ago
Average bill
$157 a month
Up 9.1% on a year ago
Average use
929 kWh
A month. US 875 kWh
Price rank
20 of 51
1 is the most expensive

Over the 12 months to August 2026, Indiana homes paid 16.9¢ a kWh, against a US average of 18.0¢.

Indiana vs the US

IndianaUS
Average price, 12 months to August 202616.9¢18.0¢
Price in August 202617.0¢18.2¢
Average monthly bill, 12 months$157$158
Bill in August 2026$189$209
Average monthly use929 kWh875 kWh
Price change, past year+8.8%+6.5%
Price change since 2019+34%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in Indiana

Past 12 months, utilities with 10,000 homes or more. These utilities serve 75% of homes in Indiana; smaller utilities serve the rest.

Duke Energy IndianaInvestor-owned15.9¢+12%$154819,956
AES IndianaInvestor-owned15.4¢+7.3%$141472,208
Northern Indiana Public ServiceInvestor-owned23.6¢+12%$153434,142
Indiana Michigan Power (AEP)Investor-owned16.8¢0.0%$139426,284
Southern Indiana Gas & ElectricInvestor-owned21.4¢+16%$188135,205

Heating fuels in Indiana: heating oil, propane.