Indiana · EIA utility 15989 · Full-service utility
City of Richmond (IN) electricity rates in Indiana, 2025
City of Richmond (IN)’s 16,253 residential customers paid an average of 12.40¢ per kWh in 2025, 22% below the Indiana average of 15.96¢. The typical home used 961 kWh a month, for an average bill of $119.
- 12.40¢avg ¢/kWh (2025)−0.72¢ (-5.5%) vs 2024
- $119Avg monthly billIndiana: $150
- 961 kWhAvg monthly useIndiana: 938 kWh
- 16,253Residential customersFull-service utility
| Sector | Customers | Sales (MWh) | Revenue | ¢/kWh 2025 | ¢/kWh 2024 | Change |
|---|---|---|---|---|---|---|
| Residential | 16,253 | 187,465 | $23,243,400 | 12.40¢ | 13.12¢ | −0.72¢ (-5.5%) |
| Commercial | 4,939 | 167,836 | $20,967,700 | 12.49¢ | 13.03¢ | −0.54¢ (-4.1%) |
| Industrial | 128 | 534,807 | $49,203,100 | 9.20¢ | 9.79¢ | −0.59¢ (-6.0%) |
| All sectors | 21,320 | 890,108 | $93,414,200 | 10.49¢ | 11.10¢ | −0.60¢ (-5.4%) |
How City of Richmond (IN) compares
- Indiana residential average, 2025: 15.96¢ per kWh, 938 kWh a month, $150 average bill. U.S. average: 17.23¢, 874 kWh, $151.
- Among 45 full-service utilities in Indiana with at least 1,000 residential customers, City of Richmond (IN) ranks 8 of 45 from lowest to highest average price.
- Latest monthly figure: Indiana homes paid 17.02¢ per kWh in August 2026 (preliminary), against 16.21¢ in August 2025. Summer months often run higher than the annual average.
- From 2024 to 2025 this average fell 5.5%; the state average rose 8.1%.
- City of Richmond (IN) is a municipal utility, owned by the local government; the city council or utility board sets rates. Balancing authority: PJM.
Where City of Richmond (IN) serves
EIA lists 1 Indiana county in its 2025 service territory: Wayne.
2 ZIP codes are matched to City of Richmond (IN) in NREL’s 2024 ZIP file: 47374, 47375. Utility boundaries do not follow ZIP lines, so a ZIP can have more than one provider.
Indiana full-service utilities with similar rates
| Provider | ¢/kWh | Avg bill | Customers |
|---|---|---|---|
| City of Lebanon (IN) | 11.82¢ | $97 | 8,328 |
| City of Mishawaka | 12.38¢ | $76 | 25,180 |
| City of Anderson (IN) | 12.67¢ | $108 | 29,600 |
| Crawfordsville Elec, Lgt & Pwr | 12.83¢ | $109 | 8,685 |
| City of Greenfield (IN) | 13.05¢ | $106 | 12,009 |
| Kosciusko County Rural E M C | 13.10¢ | $122 | 17,473 |
| City of Peru (IN) | 13.25¢ | $111 | 8,847 |
| Noble County R E M C | 13.36¢ | $143 | 11,036 |
Sources
- U.S. Energy Information Administration, Annual Electric Power Industry Report, Form EIA-861, 2025 final data (f8612025.zip, file dated October 7, 2026): Sales to Ultimate Customers, Average Monthly Bill and Service Territory tables.
- EIA Form EIA-861, 2024 final data (f8612024.zip, file dated December 4, 2025), for the 2024 comparison.
- EIA Electric Power Monthly, Table 5.6.A (average price by state, August 2026 and August 2025; 2026 values are preliminary), file dated October 22, 2026.
- National Renewable Energy Laboratory via OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zipcode (2024) (investor-owned and other utilities, files dated November 10, 2025), used only to match ZIP codes to utilities.
Average price = residential revenue ÷ residential kWh sold, as reported to EIA. It includes fixed monthly charges, taxes passed through in revenue and seasonal tiers, averaged over the year. Your own rate depends on your tariff and usage.