Indiana residential electricity rates

Analyst 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 an industrial account 203.11 times. Residential accounts are 88.58% of the 3,450,419 accounts in Indiana.