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Indiana Electricity Prices

Average retail price by sector. Latest data: May 2026.

Residential
18.15¢ /kWh
▲ 7.4%vs. last year
Commercial
13.88¢ /kWh
▲ 0.7%vs. last year
Industrial
9.08¢ /kWh
▲ 5.3%vs. last year

Average monthly bill

Full bill breakdown →
$159per month▲ 12.5% vs. the year before

16.79¢/kWh × 946 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to May 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
$155
Ohio
$157
Kentucky
$154
Illinois
$132
Michigan
$131

Indiana is $3 a month above (+2.2%) the U.S. average of $155. Average monthly bill, June 2025 – May 2026.

How Indiana makes its electricity

Fuel mix & 10-year trend →Power plants →
Renewable
17.3%
Carbon-free
17.3%
Largest source
Coal 43%
Indiana electricity generation by source, June 2025 – May 2026
SourceShareGeneration
Natural gas36.2%40,526 GWh
Coal43.4%48,611 GWh
Nuclear0.0%0 GWh
Wind9.6%10,743 GWh
Solar7.3%8,188 GWh
Hydro0.3%307 GWh
Other3.3%3,649 GWh

112 TWh of net generation over the 12 months to May 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
7.9¢11¢13¢16¢19¢Jun '25Sep '25Dec '25Feb '26May '26ResidentialCommercialIndustrial

Residential history since 2001

5.1¢8.6¢12¢16¢19¢Jan '01May '07Sep '13Jan '20May '26
Jan '01
6.08¢
Now
18.15¢
Change
▲ 198.5%
Range
6.08–18.15¢

Recent months

MonthResidentialCommercialIndustrial
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
June 202516.4813.678.69

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in Indiana?
Residential electricity in Indiana costs 18.15¢ per kilowatt-hour as of May 2026, the 20th highest rate among the 50 states and DC. Commercial customers pay 13.88¢ and industrial customers 9.08¢ per kilowatt-hour.
›Why is electricity expensive in Indiana?
Indiana's residential rate of 18.15¢/kWh is +1.7% versus the U.S. average of 17.84¢/kWh. What a household actually pays also depends on how much it uses: the typical Indiana home consumes 946 kWh a month against a national average of 871 kWh, which is why its average bill comes to $159.
›Have electricity prices in Indiana gone up?
Residential electricity in Indiana has moved +198.5% since 2001, reaching 18.15¢/kWh in May 2026. Over the last year alone the change was +7.4%.
›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 $155.