Indiana Michigan Power Co electricity rates in Indiana, 2025
Indiana Michigan Power Co’s 425,007 residential customers paid an average of 17.16¢ per kWh in 2025, 8% above the Indiana average of 15.96¢. The typical home used 853 kWh a month, for an average bill of $146.
- 17.16¢avg ¢/kWh (2025)+0.86¢ (+5.2%) vs 2024
- $146Avg monthly billIndiana: $150
- 853 kWhAvg monthly useIndiana: 938 kWh
- 425,007Residential customersFull-service utility
| Sector | Customers | Sales (MWh) | Revenue | ¢/kWh 2025 | ¢/kWh 2024 | Change |
|---|---|---|---|---|---|---|
| Residential | 425,007 | 4,348,366 | $746,282,700 | 17.16¢ | 16.31¢ | +0.86¢ (+5.2%) |
| Commercial | 56,588 | 5,580,520 | $727,304,100 | 13.03¢ | 11.90¢ | +1.14¢ (+9.5%) |
| Industrial | 3,948 | 6,465,815 | $574,756,200 | 8.89¢ | 8.44¢ | +0.45¢ (+5.3%) |
| All sectors | 485,543 | 16,394,701 | $2,048,343,000 | 12.49¢ | 11.62¢ | +0.87¢ (+7.5%) |
How Indiana Michigan Power Co 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, Indiana Michigan Power Co ranks 42 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 rose 5.2%; the state average rose 8.1%.
- Indiana Michigan Power Co is an investor-owned utility, a private company whose rates are set by the state utility commission. Balancing authority: PJM.
Where Indiana Michigan Power Co serves
EIA lists 25 Indiana counties in its 2025 service territory: Adams, Allen, Blackford, DeKalb, Delaware, Elkhart, Grant, Hamilton, Henry, Howard, Huntington, Jay, LaPorte, Lagrange, Madison, Marshall, Miami, Noble, Randolph, St Joseph, Steuben, Tipton, Wabash, Wells, Whitley.
155 ZIP codes are matched to Indiana Michigan Power Co in NREL’s 2024 ZIP file: 46001, 46011, 46012, 46013, 46016, 46017, 46018, 46031, 46036, 46040, 46044, 46051, 46056, 46060, 46063, 46064, 46070, 46076, 46350, 46360, 46365, 46371, 46506, 46507, 46514, 46515, 46516, 46517, 46526, 46528, 46530, 46536, 46544, 46545, 46552, 46554, 46556, 46561, 46563, 46565, 46573, 46601, 46613, 46614, 46615, 46616, 46617, 46619, 46624, 46626, 46628, 46634, 46635, 46637, 46660, 46680, 46699, 46705, 46706, 46721, and 95 more. 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 |
|---|---|---|---|
| Southeastern Indiana R E M C | 15.63¢ | $188 | 26,271 |
| Utilities Dist-Western IN REMC | 15.67¢ | $176 | 19,049 |
| Boone County Rural EMC | 15.80¢ | $198 | 19,224 |
| Jasper County Rural E M C | 16.09¢ | $183 | 7,786 |
| RushShelby Energy | 16.36¢ | $197 | 14,766 |
| Tipmont Rural Elec Member Corp | 16.37¢ | $163 | 29,540 |
| NineStar Connect | 16.50¢ | $208 | 18,751 |
| South Central Indiana REMC | 17.54¢ | $199 | 35,216 |
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.