US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

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

Indiana

Indiana Michigan Power (AEP) electricity rates

What homes pay Indiana Michigan Power (AEP) for electricity, from EIA.

Investor-owned utility, 426,284 homes in Indiana. EIA lists it as Indiana Michigan Power Co.

Headlines

Average price
16.8¢ a kWh
Unchanged 0.0% on a year ago
Average bill
$139 a month
Down 1.6% on a year ago
Average use
828 kWh
A month. Indiana 929 kWh
Price rank in Indiana
3 of 5
1 is the most expensive

Over the 12 months to August 2026, Indiana Michigan Power (AEP) homes paid 16.8¢ a kWh, against 16.9¢ across Indiana.

Indiana Michigan Power (AEP) vs Indiana

Indiana Michigan Power (AEP)Indiana
Average price, 12 months to August 202616.8¢16.9¢
Price in August 202614.6¢17.0¢
Average monthly bill, 12 months$139$157
Bill in August 2026$138$189
Average monthly use828 kWh929 kWh
Price change, past year0.0%+8.8%
Price change since 2019+22%+34%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including August 2026

Source: EIA-861M monthly utility survey.