How Much Is Electricity in Indiana?
The residential electricity rate in Indiana is 16.23¢ per kilowatt-hour (kWh), ranking #32 cheapest among all 51 US states. The national average is 17.92¢/kWh, making Indiana 9% below average.
16.23¢
Residential
#32
Price Rank
14.4%
Renewable
| Residential Rate | 16.23¢/kWh |
| Commercial Rate | 13.88¢/kWh |
| Industrial Rate | 8.89¢/kWh |
| US Average (Residential) | 17.92¢/kWh |
Residential electricity in Indiana runs 16.23¢/kWh, 9% below the 17.92¢/kWh national average and the 32nd cheapest of 51 states and territories.
Across rate classes, commercial customers pay 13.88¢/kWh and industrial customers 8.89¢/kWh — a 4.99¢/kWh gap that reflects the volume discounts large industrial loads receive. Renewables make up 14.4% of Indiana's generation mix; the dominant source is coal at 41.8%, followed by natural gas at 41.1%.
In 2024, Indiana generated about 97,013 GWh of electricity in total.
Source: U.S. Energy Information Administration, 2026.