AES Indiana: rates, outages and net metering

In Indiana, AES Indiana bills 530,802 accounts, 88.5% residential, as an investor owned utility. Its home price moved +44.7% from 2015 to 2024, 17.0 points faster than Indiana.

At 896 kWh a month a AES Indiana home pays about $123 in energy: 13.75 ¢/kWh, 6.9% below the Indiana average of 14.77 ¢.

Its home price moved +44.7% from 2015 to 2024, 17.0 points faster than Indiana.

AES Indiana: price path since 2015

Home price since 2015: +44.7%Indiana +27.7%, a gap of +17.0 points

The record that sets AES Indiana apart is the path of its home price: 9.50 ¢ in 2015, 13.75 ¢ in 2024. That is +44.7%, while the Indiana average went +27.7%, so this utility climbed faster by 17.0 points.

Among Indiana utilities with 20,000+ homes it stood 1st cheapest of 16 in 2015 and is 4th of 16 in 2024, so it fell down the list.

How it compares

AES Indiana
AES Indiana, 2024	Home	Business	Bill	SAIDI
AES IndianaLowest in this table	13.75 ¢/kWh	14.29 ¢/kWh	$123at 896 kWh	87 minSAIDI
Indiana average against this company, which is 4 of 16 on price	+1.02 ¢/kWhcompany 6.9% below	-1.85 ¢/kWhcompany 14.9% above	+$9a month at 896 kWh	+43 mincompany 43 below
Johnson County Rural E M C	13.79 ¢/kWhcompany 0.3% below	13.25 ¢/kWhcompany 7.9% above	$1240 more than company	28 mincompany 60 above

Compare 43 Indiana companies

AES Indiana: 2025

AES Indiana: +6.9% on 2024 for homes, Indiana +9.9%.

AES Indiana home price, 2025: 14.69 ¢/kWh+6.9% on 2024, early release
AES Indiana SAIDI, 2025: 76 min-13% on 2024, early release
AES Indiana against Indiana, 2025: -3.0 pointsAES Indiana +6.9%, Indiana +9.9%, price in Indiana 16.23 ¢

AES Indiana reported 14.69 ¢/kWh for homes in 2025, +6.9% on its 2024 figure of 13.75, while the Indiana average moved +9.9%. Its SAIDI is 76 minutes against 87 in 2024.

Carbon context

AES Indiana serves 469,499 homes in Indiana. At 896 kWh a month that is about 592 kg of CO₂, or 7,108 kg a year, at the Indiana plant rate, state generation and not this utility: Indiana generation mix.

AES Indiana charts

Residential price since 2015: 13.75 ¢ in 2024

9.50 ¢ in 2015, 13.75 ¢ in 2024 (+44.7%); Indiana 11.57 to 14.77 ¢.

AES Indiana residential price 2015-2024, 2015 to 2024: 10 rows

Year	AES Indiana	Gap to Indiana residential	Gap to U.S. residential
2015	9.50	-2.07	-3.15
2016	10.34	-1.45	-2.21
2017	10.95	-1.34	-1.94
2018	11.03	-1.23	-1.84
2019	11.25	-1.33	-1.76
2020	11.32	-1.51	-1.83
2021	11.54	-1.83	-2.12
2022	12.98	-1.61	-2.06
2023	13.76	-1.18	-2.24
2024	13.75	-1.02	-2.73

10 rows from EIA retail sales.

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AES Indiana SAIDI, 2015-2024

49 min in 2015, 87 in 2024.

AES Indiana SAIDI by year, 2015 to 2024: 10 rows

Year	AES Indiana, no major events
2015	49
2016	62
2017	60
2018	67
2019	76
2020	73
2021	104
2022	112
2023	87
2024	87

10 rows from EIA-861 survey.

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Reliability: SAIDI 87.3 min

87.3 min, 0.88x the median reporter, rank 293 of 673.

min

Company, no major events87.3
Company, with major events246.9

AES Indiana, Reliability: EIA-861 survey.

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Analyst note

From 9.50 ¢ in 2015 to 13.75 ¢ in 2024, a move of +44.7%: AES Indiana outpaced its state (+27.7%) by 17.0 points, and +14.4 points against the U.S. AES Indiana's sharpest move came in 2022, +12.5%. The high is 13.76 ¢ (2023) and the low 9.50 ¢ (2015). 2024: -0.1% here, -1.1% for the Indiana average. SAIDI at AES Indiana (major events excluded) rose from 49 minutes in 2015 to 87 in 2024, +79%; worst year 2022 at 112. At 87 minutes in 2024, AES Indiana sat -12 from the national SAIDI median, with 8 of 10 years below it. 2023: 467 minutes with major events, 87 without, the widest gap of any year. AES Indiana has 3 cheaper and 12 higher-priced Indiana peers among 16 with 20,000+ homes. Next cheaper, City of Anderson, bills 12.82 ¢ (-0.93). Next higher-priced, Johnson County Rural E M C, bills 13.79 ¢ (+0.04).

A 6.9% discount to Indiana comes with ordinary reliability, 87 minutes or 0.88x the national median.

Home accounts at AES Indiana went from 431,182 in 2015 to 469,499 in 2024, +8.9%. Business customers paid 1.04 times the home price in 2024 (14.29 against 13.75 ¢); the ratio was 1.13 in 2015. SAIFI went from 0.66 in 2015 to 1.06 in 2024, between 0.66 and 1.36.

Outages and home price of AES Indiana (EIA utility 9273), 2013 to 2024

AES Indiana customers lost power for 87 minutes in 2024, up from 48 in 2013 (+82%). The low came in 2013 at 48, the high in 2022 at 112; 12 years were filed. The Indiana median in 2024 was 114 minutes, so AES Indiana ran below it.

Home rates at AES Indiana climbed from 9.02 ¢ in 2013 to 13.75 ¢ in 2024 (+52.5%), or 12.46 ¢ to 14.11 ¢ in 2025 dollars (+13.3%). Over 12,000 kWh a year the real price meant $1,495 in 2013 and $1,693 in 2024. Of 45 Indiana utilities with 1,000+ home accounts in 2024, AES Indiana stood 16th cheapest (6th of 63 in 2013).

AES Indiana outage minutes a customer, 2013 to 2024: 87 in 2024

AES Indiana at 87 min in 2024 and the Indiana median at 114.

AES Indiana home price since 2013: +13.3% after inflation

AES Indiana: 14.11 ¢ in 2025 dollars (solid) and 13.75 ¢ as billed (dashed) in 2024.

AES Indiana, EIA utility 9273, year by year among Indiana utilities

AES Indiana 2013-2024: 12 rows

Year, AES Indiana	¢ billed	¢ in 2025 $	Price place, AES Indiana	SAIDI min	SAIFI	SAIDI place, AES Indiana	Indiana median SAIDI
2013	9.02	12.46	6 of 63	48	0.58	4 of 17	114
2014	9.22	12.54	5 of 62	57	0.71	3 of 21	117
2015	9.50	12.91	4 of 62	49	0.66	3 of 23	145
2016	10.34	13.87	8 of 62	62	0.70	4 of 24	142
2017	10.95	14.39	12 of 62	60	0.80	5 of 26	141
2018	11.03	14.14	18 of 62	67	0.95	7 of 29	138
2019	11.25	14.16	32 of 83	76	0.88	7 of 28	140
2020	11.32	14.08	10 of 45	73	0.93	6 of 26	123
2021	11.54	13.71	12 of 45	104	1.31	10 of 26	128
2022	12.98	14.28	21 of 45	112	1.36	12 of 26	119
2023	13.76	14.54	16 of 45	87	0.98	9 of 26	104
2024	13.75	14.11	16 of 45	87	1.06	10 of 27	114

AES Indiana, EIA utility 9273: EIA-861, CPI-U.

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SAIDI explained, Indiana real prices.

Facts

Customer accounts: 530,80215.4% of Indiana total
Residential accounts: 469,49915.4% of Indiana homes
Commercial accounts: 55,58710.5% of the base
Residential rate: 13.75 ¢/kWhplace 4 of 16, -6.9% against the state
Commercial rate: 14.29 ¢/kWhplace 25 of 29, +14.9% against the state
SAIDI, no major events: 87.3 minbetter than 57% of reporters
SAIFI, no major events: 1.061.05x the median
SAIDI with major events: 246.9 min64.6% from event days
Net-metered capacity: 12.7 MW1,109 installations
Counties served: 20all in Indiana
Average residential use: 10,753 kWh/yr896 a month
Implied monthly bill: $123-$24 on the U.S. rate, 896 kWh
Residential rate since 2015: +44.7%9.50 to 13.75 ¢/kWh
SAIDI trend: +79%49 min in 2015, 87 in 2024

Data tables

2024 by sector, AES Indiana

AES Indiana sector	Accounts	Rate ¢/kWh	Gap to Indiana ¢/kWh
Residential	469,499	13.75	-1.02
Commercial	55,587	14.29	+1.85

Year by year, AES Indiana

Year	Home accounts, AES Indiana	Home ¢	Business ¢	Ratio	SAIDI	SAIFI
2015	431,182	9.50	10.72	1.13	49	0.66
2016	432,975	10.34	11.47	1.11	62	0.70
2017	437,120	10.95	11.54	1.05	60	0.80
2018	440,693	11.03	11.68	1.06	67	0.95
2019	445,624	11.25	12.89	1.15	76	0.88
2020	450,244	11.32	13.15	1.16	73	0.93
2021	453,896	11.54	12.42	1.08	104	1.31
2022	458,585	12.98	13.47	1.04	112	1.36
2023	462,848	13.76	13.99	1.02	87	0.98
2024	469,499	13.75	14.29	1.04	87	1.06

Peers of AES Indiana in Indiana, place 4 of 16 on home price

Utility near AES Indiana on price	SAIDI min, gap to AES Indiana	Home ¢, gap to AES Indiana	Gap % to AES Indiana	Accounts, AES Indiana = 1
1. City of Mishawaka	No data	-3.43	-24.9%	0.05
2. Duke Energy Indiana, LLC	+26	-1.00	-7.3%	1.71
3. City of Anderson	+105	-0.93	-6.8%	0.06
4. AES Indiana (this utility)	87	13.75	-	1.00
5. Johnson County Rural E M C	-60	+0.04	+0.3%	0.06
6. Hendricks County Rural E M C	-33	+0.09	+0.6%	0.07
7. Harrison County Rural E M C	+67	+0.14	+1.0%	0.05

Who buys AES Indiana's electricity

Class at AES Indiana	Accounts	Of AES Indiana accounts	Of AES Indiana MWh sold	kWh a year per AES Indiana account
Residential	469,499	88.5%	39.2%	10,753
Commercial	55,587	10.5%	13.8%	31,928
Industrial and other	5,716	1.08%	47.0%	1,056,900

AES Indiana among AES group

AES Indiana and its neighbours on price	SAIDI min, gap to AES Indiana	Home ¢, gap to AES Indiana	Accounts, AES Indiana = 1
1. Dayton Power & Light Co (OH)	+19	-5.20	1.02
2. AES Indiana (IN, this utility)	87	13.75	1.00

AES Indiana: meters, rate options and solar

Measure	AES Indiana	Indiana context	AES Indiana detail
AES Indiana home meters on AMI	100.0%	Indiana 80.5%	473,931 of 474,144 meters
Home meters, AMR (drive-by read)	2	Indiana figure not published	0.0% of meters
Homes with daily digital access	426,636	Indiana figure not published	91% of the 469,499 home accounts
Time-of-use rate for AES Indiana homes	Offered	17 of 27 Indiana utilities offer one	185 homes on dynamic pricing, 0.04% of 469,499
Net-metered installations	1,109	92% residential	2.2 homes per 1,000 accounts, 11.4 kW average

Monthly energy cost by use, AES Indiana

kWh	Share of a 896 kWh month	Cost a month at 13.75 ¢	vs U.S.	Cost a year
250	28%	$34.37	-$6.83	$412
500	56%	$68.74	-$13.66	$825
750	84%	$103.11	-$20.49	$1,237
1,000	112%	$137.48	-$27.32	$1,650
1,500	167%	$206.22	-$40.98	$2,475
2,000	223%	$274.97	-$54.63	$3,300

Outage record, AES Indiana

Measure, AES Indiana	No events	All events	Converted
SAIDI minutes	87.3	246.9	1.45 h
SAIFI interruptions	1.064	1.250	0.94 yr apart
CAIDI minutes	82.0	197.5	1.37 h

Territory of AES Indiana

20 Indiana counties, region RFC:

Indiana other states: 20 of 20 counties of AES Indiana drawn

AES Indiana: 20 counties listed by EIA-861, Census 2023 outlines.

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County list

Bartholomew
Boone
Daviess
Gibson
Greene
Hamilton
Hancock
Hendricks
Johnson
Knox
Madison
Marion
Monroe
Morgan
Owen
Pike
Putnam
Shelby
Sullivan
Switzerland

Questions on AES Indiana

How many customers does AES Indiana serve in Indiana?

530,802 accounts in 2024: residential 469,499, commercial 55,587, industrial 5,716.

What is the average residential rate of AES Indiana?

In 2024 homes paid 13.75 cents; against the Indiana average that is -6.9%.

How reliable is AES Indiana by SAIDI and SAIFI?

SAIDI 87.3 min and SAIFI 1.06 a year, major events excluded; ratio to the national median 0.88, CAIDI 82 min.

How much solar net metering is on the AES Indiana grid?

1,109 installations with 12.7 MW, of which residential installations number 1,019.

What is the monthly bill at AES Indiana for average use?

896 kWh at 13.75 cents comes to about $123, energy only.

How does AES Indiana rank on price within Indiana?

Rank 4 of 16 in Indiana on price, -6.9% against the state average; 3 charge less than 13.75 ¢.

How much of the AES Indiana load is business?

Homes take 39.2% of 12,864,634 MWh, commercial accounts 13.8%, industrial and other 47.0%; the 55,587 commercial accounts use 31,928 kWh each, 3.0 times a home.

Does AES Indiana have smart meters or TOU rates?

473,931 of 474,144 home meters are AMI, 100.0%. AES Indiana offers a home time-of-use rate; 185 customers use dynamic pricing, 0.04% of its homes.

Since 2015, has AES Indiana become cheaper than other Indiana utilities?

1st cheapest of 16 in 2015, 4th of 16 in 2024; its price rose 44.7% while Indiana rose 27.7%.

What did AES Indiana charge homes in 2025?

14.69 cents per kWh, +6.9% on the 13.75 of 2024 (EIA early release for 2025).

Utilities with a similar home price

Home prices nearest to AES Indiana at 13.75 ¢/kWh in 2024, among companies with a page here, any state.

Inter County Energy Coop CorpKentucky, 13.74 ¢/kWh, 0.01 ¢ below
Denton County Elec Coop, IncTexas, 13.77 ¢/kWh, 0.02 ¢ above
Evergy MetroMissouri, 13.72 ¢/kWh, 0.03 ¢ below
Florida Power & Light CoFlorida, 13.71 ¢/kWh, 0.04 ¢ below

Rate plans on file

2 home plan records, energy charges: 13.8 to 15.0 ¢/kWh.

Tiered: 2, e.g. RS - Residential - 0 - 325 KWH per month

Who offers time-of-use and tiered rates (17 Apr 2026 snapshot).

Primary sources for AES Indiana: rates, outages and net metering

EIA-861 annual report entry for AES Indiana: rates, outages and net metering, customers and sales
EIA-861 form instructions for AES Indiana: rates, outages and net metering, how a customer is counted
EIA state profiles for AES Indiana: rates, outages and net metering, the state price average