Indiana residential electricity rates
For 3,056,216 Indiana residential accounts the 2024 average price was 14.77 cents per kWh on 33.0 TWh of sales.
In 2024 Indiana residential accounts paid 14.77 ¢/kWh, rank 27 of 51 and 10.4% below the U.S. residential price (16.48 ¢). A Indiana account using 901 kWh a month pays about $133. Since 2015 the Indiana price moved +27.7%.
Indiana sits 0.14 ¢ under Arizona, the state above, and 0.07 ¢ over Oregon, the state below. At 901 kWh a month, energy in Indiana costs 29 dollars more than in North Dakota, the cheapest residential state.
How it compares
| Residential price | 2024 | 2015 | Change | Bill |
|---|---|---|---|---|
| Indiana | 14.77 ¢/kWhthis state | 11.57 ¢/kWh | +27.7% | $133at 901 kWh |
| Arizona (next above) | 14.91 ¢/kWh+0.14 ¢ against Indiana | 12.13 ¢/kWh | +22.9% | $134at 901 kWh |
| Oregon (next below)Lowest in this table | 14.70 ¢/kWh-0.07 ¢ against Indiana | 10.66 ¢/kWh | +37.9% | $132at 901 kWh |
Indiana residential: 2025 and 2026
Indiana residential, data to July 2026.
- Indiana 2025 average price
- 16.23 ¢/kWh+9.9% against 2024, U.S. +5.0%
- Indiana 2025 rank
- 20 of 51+7 places against 2024
- Indiana January to Jul 2026
- 17.04 ¢/kWh+7.5% on Jan-Jul 2025
- Indiana Last 12 months
- 16.94 ¢/kWhto July 2026
- Indiana July 2026
- 16.73 ¢/kWh+3.4% against July 2025
- Indiana 2025 costliest month
- Nov 17.41 ¢cheapest Jan 14.55 ¢, a 20% spread
- Indiana Typical 2025 bill
- $155 a monthtop Jul $211, low Apr $119
The Indiana residential price averaged 16.23 ¢/kWh in 2025, +9.9% on 2024: Indiana ran 4.9 points faster than the nation. From January to July 2026 the Indiana average is 17.04 ¢, +7.5% on 2025, close to the U.S. change. Seasonality in Indiana: 2025 peaked in November at 17.41 ¢ and bottomed in January at 14.55 ¢. A typical residential account in Indiana paid about $1,864 for energy over 2025, from $119 in April to $211 in July; use per account ran 707 to 1,306 kWh a month.
Indiana residential price by month, 2024 to Jul 2026
Price by month, Indiana residential: 12 rows
| Month | 2024 | 2025 | 2026 to Jul |
|---|---|---|---|
| Jan | 13.70 | 14.55 | 16.19 |
| Feb | 14.07 | 14.64 | 16.06 |
| Mar | 14.50 | 16.40 | 17.85 |
| Apr | 15.33 | 16.89 | 17.90 |
| May | 15.26 | 16.90 | 18.15 |
| Jun | 14.81 | 16.48 | 17.51 |
| Jul | 14.71 | 16.18 | 16.73 |
| Aug | 14.79 | 16.47 | No data |
| Sep | 14.82 | 17.33 | No data |
| Oct | 15.73 | 17.34 | No data |
| Nov | 16.24 | 17.41 | No data |
| Dec | 14.33 | 15.91 | No data |
12 rows from EIA retail sales.
CSVWhat a typical Indiana residential account paid each month
Indiana residential: use per account times price, energy only.
Typical bill by month, Indiana residential: 12 rows
| Month | 2025 | 2026 to Jul |
|---|---|---|
| Jan | 184 | 192 |
| Feb | 158 | 175 |
| Mar | 139 | 144 |
| Apr | 119 | 123 |
| May | 120 | 129 |
| Jun | 164 | 164 |
| Jul | 211 | 205 |
| Aug | 185 | No data |
| Sep | 148 | No data |
| Oct | 126 | No data |
| Nov | 134 | No data |
| Dec | 175 | No data |
12 rows from EIA retail sales.
CSVIndiana residential charts
Residential price, Indiana and U.S.
Indiana 11.57 ¢ in 2015 and 14.77 ¢ in 2024, 1.71 ¢ under the national figure.
Indiana residential price vs U.S., 2015 to 2024: 10 rows
| Year | Indiana residential | Gap to U.S. residential | Indiana commercial |
|---|---|---|---|
| 2015 | 11.57 | -1.08 | 9.78 |
| 2016 | 11.79 | -0.76 | 10.01 |
| 2017 | 12.29 | -0.60 | 10.54 |
| 2018 | 12.26 | -0.61 | 10.60 |
| 2019 | 12.58 | -0.43 | 11.03 |
| 2020 | 12.83 | -0.32 | 11.21 |
| 2021 | 13.37 | -0.29 | 11.58 |
| 2022 | 14.59 | -0.45 | 12.86 |
| 2023 | 14.94 | -1.06 | 12.55 |
| 2024 | 14.77 | -1.71 | 12.44 |
10 rows from EIA retail sales.
CSVAnnual change
Biggest move +9.1% in 2022; latest -1.1%.
% vs prior year
- +1.92016
- +4.22017
- -0.22018
- +2.62019
- +2.02020
- +4.22021
- +9.12022
- +2.42023
- -1.12024
Year-over-year change, Indiana residential price: EIA retail sales.
CSVAnalyst note
The Indiana residential price sat above the U.S. average in 0 of 10 years; the gap was -1.08 ¢ in 2015 and -1.71 ¢ in 2024. In the 2024 ranking Indiana sits between Arizona (14.91 ¢) one place above and Oregon (14.70 ¢) one place below; the top of the list is 28.09 ¢ away and the bottom 3.26 ¢. Indiana was 30th in 2015 with 11.57 ¢ and is 27th now; a rise in the table. Indiana residential prices rose in 7 of 9 years. The largest rise was +9.1% in 2022, and the largest fall -1.1% in 2024. The Indiana price peaked at 14.94 ¢ in 2023 and bottomed at 11.57 ¢ in 2015; 2024 is 1.1% below the peak and +27.7% from the low. Compounded, that is +2.75% a year in Indiana, -0.23 points against the U.S. Indiana buys 2.23% of all U.S. residential electricity with 2.14% of the accounts, so the average Indiana account uses 1.04 times the national average.
Indiana residential customers paid 14.77 ¢ in 2024, which puts the state 27th of 51, a middle position, 1.71 ¢ under the U.S. Nine years moved the Indiana residential price +27.7% (+2.8% a year), level with the U.S. by 2.6 points. The sharpest year was 2022 at +9.1%; the peak came in 2023.
The latest Indiana year moved -1.1%, so prices have cooled. The Indiana commercial price of 12.44 ¢ sits 2.33 ¢ below. A Indiana residential account uses 901 kWh a month; priced at 14.77 ¢ that is about $133, and the sector buys 33.3% of Indiana's power.
Counting revenue instead of kWh, Indiana residential accounts bring in 43.2% of Indiana sector revenue on 33.3% of the kWh, a premium of 9.9 points that comes from the price level: 14.77 ¢ here against 12.44 ¢ for commercial and 8.15 ¢ for industrial accounts. The average Indiana residential account uses 901 kWh a month, 25 of 51 among states on that measure; a commercial account uses 5.84 times as much and a industrial account 203.11 times. Residential accounts are 88.58% of the 3,450,419 accounts in Indiana.
Facts
- Residential price 2024
- 14.77 ¢/kWh-10.4% against U.S.
- Price in 2015
- 11.57 ¢/kWh+27.7% to 2024
- Annual change
- +2.8%-0.2 points vs U.S.
- Rank
- 27 of 5124 states cost less
- Gap to U.S.
- -1.71 ¢$15.41 a month
- Peak year
- 202314.94 ¢; 2015 low 11.57 ¢
- Sales
- 33.0 TWh33.3% of state sales
- Residential accounts
- 3,056,216448.67 per 1,000 residents
- Use per account
- 901 kWh/mo10,814 a year
- Implied monthly bill
- $133-$15 against U.S. rate
Data tables
Indiana, residential: price by year
| Year | Indiana | U.S. | Change | Gap | Ratio |
|---|---|---|---|---|---|
| 2015 | 11.57 | 12.65 | No data | -1.08 | 0.915 |
| 2016 | 11.79 | 12.55 | +1.9% | -0.76 | 0.939 |
| 2017 | 12.29 | 12.89 | +4.2% | -0.60 | 0.953 |
| 2018 | 12.26 | 12.87 | -0.2% | -0.61 | 0.953 |
| 2019 | 12.58 | 13.01 | +2.6% | -0.43 | 0.967 |
| 2020 | 12.83 | 13.15 | +2.0% | -0.32 | 0.976 |
| 2021 | 13.37 | 13.66 | +4.2% | -0.29 | 0.979 |
| 2022 | 14.59 | 15.04 | +9.1% | -0.45 | 0.970 |
| 2023 | 14.94 | 16.00 | +2.4% | -1.06 | 0.934 |
| 2024 | 14.77 | 16.48 | -1.1% | -1.71 | 0.896 |
Indiana residential: cost by use
| Monthly kWh | Indiana cost a month | Gap to U.S. rate in Indiana |
|---|---|---|
| 230 (0.25x the Indiana account) | $33.97 | -$3.93 |
| 450 (0.5x the Indiana account) | $66.47 | -$7.70 |
| 900 (1x the Indiana account) | $132.93 | -$15.39 |
| 1,350 (1.5x the Indiana account) | $199.40 | -$23.09 |
| 1,800 (2x the Indiana account) | $265.86 | -$30.78 |
| 3,600 (4x the Indiana account) | $531.72 | -$61.56 |
Indiana: the three sectors measured against residential
| Sector | Indiana price ¢/kWh | Price vs residential | Indiana kWh per account a month | Use vs residential | Indiana revenue share | Indiana kWh share |
|---|---|---|---|---|---|---|
| Residential (this page) | 14.77 | 1.00x | 901 | 1.00x | 43.2% | 33.3% |
| Commercial | 12.44 | 0.84x | 5,261 | 5.84x | 26.1% | 23.9% |
| Industrial | 8.15 | 0.55x | 183,033 | 203.11x | 30.7% | 42.8% |
Questions on Indiana residential
How much per kWh do Indiana residential customers pay: 14.77 cents on average?
14.77 cents in 2024, -10.4% against the U.S. rate.
Is Indiana cheap or costly for residential power?
27th of 51, with 24 places charging less.
What is the nine-year price trend for Indiana residential power?
11.57 to 14.77 cents: +27.7% in total, +2.8% a year.
What is a typical monthly residential bill in Indiana?
901 kWh at 14.77 cents, price times use, comes to $133.
How many residential electricity accounts does Indiana have?
3,056,216 accounts, or 448.67 per 1,000 residents.
When were Indiana residential prices highest since 2015?
2023 at 14.94 cents; the low was 11.57 cents in 2015.
What did Indiana residential electricity cost in 2025?
Indiana averaged 16.23 cents per kWh, +9.9% against 14.77 in 2024, and 20 of 51 among states.
Are Indiana residential electricity prices rising in 2026?
Indiana is +0.4 points against the U.S.: 17.04 cents from January to July 2026, +7.5% on 2025.
When in 2025 did Indiana residential power cost most, November or January?
November at 17.41 cents in Indiana; January was the lowest at 14.55, a 20% spread.
Does Indiana residential power cost less than the national average in 2026?
1.17 cents below the national average; Indiana 17.04 cents over January to July 2026, +7.5% on 2025.
More on Indiana residential
- Indiana state hub44 utilities, 507 accounts per 1,000
- Indiana commercial rates12.44 ¢, rank 17 of 51
- Indiana industrial rates8.15 ¢, rank 24 of 51