Indiana Michigan Power (AEP) electricity rates
What homes pay Indiana Michigan Power (AEP) for electricity, from EIA.
Investor-owned utility, 113,502 homes in Michigan. EIA lists it as Indiana Michigan Power Co.
Headlines
- Average price
- 16.7¢ a kWh
- Down 5.9% on a year ago
- Average bill
- $137 a month
- Down 7.3% on a year ago
- Average use
- 819 kWh
- A month. Michigan 630 kWh
- Price rank in Michigan
- 7 of 8
- 1 is the most expensive
Over the 12 months to July 2026, Indiana Michigan Power (AEP) homes paid 16.7¢ a kWh, against 21.1¢ across Michigan.
Indiana Michigan Power (AEP) vs Michigan
| Indiana Michigan Power (AEP) | Michigan | |
|---|---|---|
| Average price, 12 months to July 2026 | 16.7¢ | 21.1¢ |
| Price in July 2026 | 17.5¢ | 23.1¢ |
| Average monthly bill, 12 months | $137 | $133 |
| Bill in July 2026 | $187 | $211 |
| Average monthly use | 819 kWh | 630 kWh |
| Price change, past year | -5.9% | +7.4% |
| Price change since 2019 | +23% | +34% |
Electricity price
Average residential price a kilowatt-hour, by month.
Up to and including July 2026
| Month | Cents a kWh |
|---|---|
| July 2026 | 17.49¢ |
| June 2026 | 16.88¢ |
| May 2026 | 16.78¢ |
| April 2026 | 16.70¢ |
| March 2026 | 17.49¢ |
| February 2026 | 13.95¢ |
| January 2026 | 15.42¢ |
| December 2025 | 17.17¢ |
| November 2025 | 17.12¢ |
| October 2025 | 16.98¢ |
| September 2025 | 18.25¢ |
| August 2025 | 16.51¢ |
| July 2025 | 16.73¢ |
| June 2025 | 17.61¢ |
| May 2025 | 17.64¢ |
| April 2025 | 18.14¢ |
| March 2025 | 17.71¢ |
| February 2025 | 16.93¢ |
| January 2025 | 16.57¢ |
| December 2024 | 16.45¢ |
| November 2024 | 17.23¢ |
| October 2024 | 17.82¢ |
| September 2024 | 22.95¢ |
| August 2024 | 17.45¢ |
Monthly residential revenue, sales and customers for Indiana Michigan Power (AEP) in Michigan, as a gzipped CSV.
Download CSV (gzip)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
| Month | Bill |
|---|---|
| July 2026 | $187 |
| June 2026 | $130 |
| May 2026 | $109 |
| April 2026 | $111 |
| March 2026 | $141 |
| February 2026 | $128 |
| January 2026 | $150 |
| December 2025 | $169 |
| November 2025 | $115 |
| October 2025 | $108 |
| September 2025 | $132 |
| August 2025 | $161 |
| July 2025 | $201 |
| June 2025 | $127 |
| May 2025 | $107 |
| April 2025 | $119 |
| March 2025 | $141 |
| February 2025 | $152 |
| January 2025 | $181 |
| December 2024 | $153 |
| November 2024 | $113 |
| October 2024 | $97 |
| September 2024 | $206 |
| August 2024 | $172 |
Monthly residential revenue, sales and customers for Indiana Michigan Power (AEP) in Michigan, as a gzipped CSV.
Download CSV (gzip)Source: EIA-861M monthly utility survey.