⚡ US Energy Price Monitorby KadoaUpdated weekly

Indiana

Indiana Michigan Power (AEP) electricity rates

What homes pay Indiana Michigan Power (AEP) for electricity, from EIA.

Investor-owned utility, 427,225 homes in Indiana. EIA lists it as Indiana Michigan Power Co.

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Average price
17.0¢ a kWh
Up 2.0% on a year ago
Average bill
$141 a month
Down 1.3% on a year ago
Average use
830 kWh
A month. Indiana 935 kWh
Price rank in Indiana
3 of 5
1 is the most expensive

Over the 12 months to July 2026, Indiana Michigan Power (AEP) homes paid 17.0¢ a kWh, against 16.9¢ across Indiana.

Indiana Michigan Power (AEP) vs Indiana

Indiana Michigan Power (AEP)Indiana
Average price, 12 months to July 202617.0¢16.9¢
Price in July 202615.2¢16.7¢
Average monthly bill, 12 months$141$158
Bill in July 2026$167$205
Average monthly use830 kWh935 kWh
Price change, past year+2.0%+9.0%
Price change since 2019+24%+35%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including July 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including July 2026

Source: EIA-861M monthly utility survey.