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Indiana Electricity Prices

Average retail price by sector.

Residential
17.51¢ /kWh
▲ 6.3%vs. last year
Commercial
14.15¢ /kWh
▲ 3.5%vs. last year
Industrial
9.00¢ /kWh
▲ 3.6%vs. last year

Data current through June 2026 — the latest available from the U.S. EIA, which publishes monthly figures on a roughly two-month delay.

Average monthly bill

Full bill breakdown →
$159per month▲ 11.4% vs. the year before

16.88¢/kWh × 942 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to June 2026 — the 22nd highest among the 50 states and DC.

Compared with the U.S. and neighboring states

Average monthly residential electricity bill, in US dollars
Indiana
$159
U.S. average
$156
Ohio
$157
Kentucky
$155
Illinois
$131
Michigan
$131

Indiana is $3 a month above (+1.9%) the U.S. average of $156. Average monthly bill, July 2025 – June 2026.

How Indiana makes its electricity

Fuel mix & 10-year trend →Power plants →
Renewable
17.8%
Carbon-free
17.8%
Largest source
Coal 43%
Indiana electricity generation by source, July 2025 – June 2026
SourceShareGeneration
Natural gas36.4%40,553 GWh
Coal42.8%47,793 GWh
Nuclear0.0%0 GWh
Wind9.8%10,897 GWh
Solar7.6%8,511 GWh
Hydro0.3%302 GWh
Other3.1%3,481 GWh

111.5 TWh of net generation over the 12 months to June 2026. Generation, not consumption — power crosses state lines.

Indiana electricity prices in context

Indiana's residential electricity rate stands at 18.15¢/kWh as of May 2026, ranking 20th among the 50 states and DC, making it cheaper than most of the country. The rate runs 0.29¢/kWh below the national average of 18.44¢/kWh, a difference of 1.6%. Among neighboring states, only Kentucky at 14.98¢/kWh undercuts Indiana, while Ohio reaches 19.52¢/kWh, Michigan 22.01¢/kWh, and Illinois 23.85¢/kWh. Commercial and industrial rates track lower at 13.88¢/kWh and 9.08¢/kWh respectively.

Over five years since May 2021, the residential rate has climbed 28.5% from 14.12¢/kWh. The twenty-year span since May 2006 shows a 98.1% increase from 9.16¢/kWh. Stretching back to records begun in January 2001, the 198.5% jump from 6.08¢/kWh demonstrates the long arc of price movement. The current rate of 18.15¢/kWh stands as the state's record high.

Residential customers pay an average monthly bill of $159 on usage of 946 kWh per month. This exceeds both the national average bill of $155 and the national average usage of 871 kWh per month. The higher consumption in Indiana slightly offsets the rate advantage to produce a bill marginally above the national figure. In the year to May 2026, the rate increased 7.4% from the prior year.

Written from the EIA figures on this page, covering data through May 2026.

12-month trend

ResidentialCommercialIndustrial
8.0¢11¢13¢16¢19¢Jul '25Oct '25Jan '26Mar '26Jun '26ResidentialCommercialIndustrial

Price history since 2001

ResidentialCommercialIndustrial
2.7¢6.8¢11¢15¢19¢Jan '01May '07Oct '13Feb '20Jun '26ResidentialCommercialIndustrial

Average retail price in all three sectors, every month since January 2001.

Residential

Jan '01
6.08¢
Now
17.51¢
Change
▲ 188.0%
Range
6.08–18.15¢

Recent months

MonthResidentialCommercialIndustrial
June 202617.5114.159.00
May 202618.1513.889.08
April 202617.9013.788.86
March 202617.8514.329.00
February 202616.0614.399.59
January 202616.1913.859.43
December 202515.9113.648.77
November 202517.4114.028.95
October 202517.3413.889.25
September 202517.3314.119.12
August 202516.4714.059.21
July 202516.1814.079.21

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in Indiana?
Residential electricity in Indiana costs 17.51¢ per kilowatt-hour as of June 2026, the 21st highest rate among the 50 states and DC. Commercial customers pay 14.15¢ and industrial customers 9.00¢ per kilowatt-hour.
›Why is electricity relatively cheap in Indiana?
Indiana's residential rate of 17.51¢/kWh is -2.3% versus the U.S. average of 17.92¢/kWh. What a household actually pays also depends on how much it uses: the typical Indiana home consumes 942 kWh a month against a national average of 870 kWh, which is why its average bill comes to $159.
›Have electricity prices in Indiana gone up?
Residential electricity in Indiana has moved +188.0% since 2001, reaching 17.51¢/kWh in June 2026. Over the last year alone the change was +6.3%.
›Is electricity cheaper in states neighboring Indiana?
Of the states bordering Indiana, Michigan has the lowest average monthly bill at $131 and Ohio the highest at $157. Indiana averages $159 a month, against a U.S. average of $156.