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Indiana Electricity Prices

Average retail price by sector.

Residential
17.02¢ /kWh
▲ 3.3%vs. last year
Commercial
13.29¢ /kWh
▼ 5.4%vs. last year
Industrial
9.28¢ /kWh
▲ 0.8%vs. last year

Data current through August 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▲ 7.4% vs. the year before

17.00¢/kWh × 934 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to August 2026 — the 23rd 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
$158
Ohio
$160
Kentucky
$155
Michigan
$134
Illinois
$132

Indiana sits within a dollar a month of the U.S. average of $158. Average monthly bill, September 2025 – August 2026.

How Indiana makes its electricity

Fuel mix & trend since 2001 →Power plants →
Renewable
18.4%
Carbon-free
18.4%
Largest source
Coal 42%
Indiana electricity generation by source, September 2025 – August 2026
SourceShareGeneration
Natural gas36.8%40,636 GWh
Coal42.0%46,372 GWh
Nuclear0.0%0 GWh
Wind9.9%10,938 GWh
Solar8.1%8,967 GWh
Hydro0.2%263 GWh
Other2.8%3,123 GWh

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

Indiana electricity prices in context

Indiana's residential electricity rate stands at 17.02¢/kWh as of August 2026, ranking 24th most expensive among the 50 states and DC. This is 6.3% below the US average of 18.16¢/kWh, a difference of 1.14¢/kWh. Among bordering states, Indiana's rate sits between Kentucky at 13.80¢/kWh on the lower end and Ohio at 19.38¢/kWh and Illinois at 19.32¢/kWh, both higher. Michigan, Indiana's other neighbor, has a significantly higher rate of 22.99¢/kWh.

Over the past five years since August 2021, Indiana's residential rate has climbed 27.6%, from 13.34¢/kWh. The increase over twenty years since August 2006 is steeper still, at 105.3%, from 8.29¢/kWh. Since records began in January 2001, the rate has more than doubled, rising 179.9% from 6.08¢/kWh. The state's current rate remains slightly below the record high of 18.15¢/kWh reached in May 2026, and stands far above the all-time low of 6.08¢/kWh from January 2001.

The average monthly residential bill in Indiana is $159 on usage of 934 kWh per month, compared with the national average bill of $158 on 876 kWh. Despite Indiana's rate being below the national average, its residents use more electricity monthly, lifting the bill slightly above the national figure. Commercial rates run to 13.29¢/kWh and industrial rates to 9.28¢/kWh, and the residential rate has grown 3.3% year over year.

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

12-month trend

ResidentialCommercialIndustrial
5¢10¢15¢20¢Sep '25Dec '25Mar '26May '26Aug '26ResidentialCommercialIndustrial

Price history since 2001

ResidentialCommercialIndustrial
0¢5¢10¢15¢20¢Jan '01Jun '07Nov '13Mar '20Aug '26ResidentialCommercialIndustrial

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

Residential

Jan '01
6.08¢
Now
17.02¢
Change
▲ 179.9%
Range
6.08–18.15¢

Recent months

MonthResidentialCommercialIndustrial
August 202617.0213.299.28
July 202616.7313.309.16
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

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in Indiana?
Residential electricity in Indiana costs 17.02¢ per kilowatt-hour as of August 2026, the 24th highest rate among the 50 states and DC. Commercial customers pay 13.29¢ and industrial customers 9.28¢ per kilowatt-hour.
›Why is electricity relatively cheap in Indiana?
Indiana's residential rate of 17.02¢/kWh is -5.8% versus the U.S. average of 18.07¢/kWh. What a household actually pays also depends on how much it uses: the typical Indiana home consumes 934 kWh a month against a national average of 876 kWh, which is why its average bill comes to $159.
›Have electricity prices in Indiana gone up?
Residential electricity in Indiana has risen 179.9% since 2001, reaching 17.02¢/kWh in August 2026. Over the last year alone the change was +3.3%.
›Is electricity cheaper in states neighboring Indiana?
Of the states bordering Indiana, Illinois has the lowest average monthly bill at $132 and Ohio the highest at $160. Indiana averages $159 a month, against a U.S. average of $158.