⚡ US Energy Price Monitorby KadoaUpdated weekly

Michigan

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.

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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 202616.7¢21.1¢
Price in July 202617.5¢23.1¢
Average monthly bill, 12 months$137$133
Bill in July 2026$187$211
Average monthly use819 kWh630 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

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.