Utilities listed
46
Indiana, 2025
Homes counted
3.08 million
Residential customers
Average price
15.96 cents
Per kWh, Indiana
Average bill
$149.72
Per month
Utilities serving Indiana homes
| Utility | Type | Homes in IN | Cents per kWh | Monthly bill |
|---|---|---|---|---|
| Duke Energy Indiana | Investor-owned | 808,572 | 14.98 | $148.57 |
| AES Indiana | Investor-owned | 469,634 | 14.69 | $138.29 |
| NIPSCO (Northern Indiana Public Service) | Investor-owned | 433,889 | 22.05 | $148.15 |
| Indiana Michigan Power | Investor-owned | 425,007 | 17.17 | $145.56 |
| Southern Indiana Gas and Electric | Investor-owned | 134,700 | 19.78 | $176.99 |
| Hendricks County Rural Electric Membership Corporation | Cooperative | 38,554 | 13.68 | $165.60 |
| South Central Indiana REMC | Cooperative | 35,216 | 17.54 | $198.64 |
| Northeastern Rural Electric Membership Corporation | Cooperative | 31,034 | 15.43 | $158.22 |
| City of Anderson | Municipal | 29,600 | 12.67 | $108.01 |
| Tipmont Rural Electric Membership Corporation | Cooperative | 29,540 | 16.37 | $162.98 |
| Johnson County Rural Electric Membership Corporation | Cooperative | 29,132 | 13.45 | $150.79 |
| Clark County Rural Electric Membership Corporation | Cooperative | 27,707 | 14.32 | $178.56 |
| Southeastern Indiana Rural Electric Membership Corporation | Cooperative | 26,271 | 15.63 | $188.48 |
| City of Mishawaka | Municipal | 25,180 | 12.38 | $75.86 |
| Jackson County Rural Electric Membership Corporation | Cooperative | 24,354 | 14.40 | $193.51 |
| Harrison County Rural Electric Membership Corporation | Cooperative | 23,482 | 13.57 | $180.88 |
| Boone County Rural Electric Membership Corporation | Cooperative | 19,224 | 15.80 | $198.37 |
| Utilities District of Western Indiana REMC | Cooperative | 19,049 | 15.67 | $176.29 |
| Kankakee Valley Rural Electric Membership Corporation | Cooperative | 19,027 | 14.72 | $145.18 |
| NineStar Connect | Cooperative | 18,751 | 16.50 | $207.63 |
| Heartland REMC | Cooperative | 18,144 | 14.51 | $179.47 |
| Kosciusko County Rural Electric Membership Corporation | Cooperative | 17,473 | 13.10 | $121.72 |
| City of Richmond | Municipal | 16,253 | 12.40 | $119.17 |
| Western Indiana Energy REMC | Cooperative | 15,012 | 14.73 | $181.32 |
| Carroll-White REMC | Cooperative | 14,853 | 15.45 | $170.91 |
| RushShelby Energy | Cooperative | 14,766 | 16.36 | $196.99 |
| Dubois Rural Electric Cooperative | Cooperative | 13,484 | 13.92 | $150.49 |
| Whitewater Valley Rural Electric Membership Corporation | Cooperative | 12,035 | 15.39 | $182.95 |
| City of Greenfield | Municipal | 12,009 | 13.05 | $106.11 |
| City of Logansport | Municipal | 11,507 | 10.31 | $80.99 |
| Bartholomew County Rural Electric Membership Corporation | Cooperative | 11,493 | 14.53 | $173.22 |
| Noble County Rural Electric Membership Corporation | Cooperative | 11,036 | 13.36 | $142.59 |
| Steuben County Rural Electric Membership Corporation | Cooperative | 9,193 | 14.05 | $123.39 |
| Southern Indiana Rural Electric Cooperative | Cooperative | 8,957 | 15.47 | $157.43 |
| City of Peru | Municipal | 8,847 | 13.25 | $110.99 |
| Crawfordsville Electric, Lgt and Power | Municipal | 8,685 | 12.83 | $109.12 |
| City of Lebanon | Municipal | 8,328 | 11.82 | $96.62 |
| Decatur County Rural Electric Membership Corporation | Cooperative | 8,187 | 15.02 | $183.87 |
| Daviess Martin County Rural Electric Membership Corporation | Cooperative | 8,024 | 14.90 | $193.08 |
| City of Frankfort | Municipal | 7,857 | 11.35 | $94.24 |
| Jasper County Rural Electric Membership Corporation | Cooperative | 7,786 | 16.09 | $183.01 |
| City of Auburn | Municipal | 6,826 | 7.53 | $62.09 |
| City of Jasper | Municipal | 6,499 | 11.03 | $105.44 |
| City of Bluffton | Municipal | 5,003 | 10.16 | $87.13 |
| Paulding-Putman Electric Cooperative | Cooperative | 3,965 | 16.69 | $191.86 |
| Midwest Energy Cooperative | Cooperative | 320 | 19.46 | $189.41 |
Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Homes in IN counts only the customers in this state. Price and bill cover the utility's whole territory and bundled customers only. Delivery only means the utility carries power but does not sell it.
Who owns Indiana's electric companies
| Type | Utilities | Homes in IN | Share of homes |
|---|---|---|---|
| Investor-owned utility | 5 | 2,271,802 | 77.4% |
| Municipal utility | 12 | 146,594 | 5.0% |
| Electric cooperative | 29 | 516,069 | 17.6% |
Each type is run differently. An investor-owned company answers to shareholders and a state commission. A municipal utility answers to a city. A cooperative answers to its members. That is why the same state can have very different prices and service from one address to the next.
What Indiana utilities charge, by type
| Type | Utilities with a price | Average cents per kWh |
|---|---|---|
| Investor-owned utility | 5 | 16.64 |
| Municipal utility | 12 | 11.96 |
| Electric cooperative | 29 | 15.24 |
Source: U.S. Energy Information Administration, Form EIA-861 (final 2025 data). Customer-weighted average of the prices utilities report for bundled residential service. It leaves out delivery-only customers and retail providers.
Outside the investor-owned companies, the largest municipal utility is City of Anderson (29,600 homes), and the largest electric cooperative is Hendricks County Rural Electric Membership Corporation (38,554 homes).
Price differences between types come from costs, customer density and the way each type is financed, so a lower average does not decide which is better for your home.
Utilities with full profiles
These Indiana utilities are among the 600 largest in the country, and each has a profile with its service area, reliability and rate options.
- ProfileDuke Energy Indiana809 thousand homes. Investor-owned.Open
- ProfileAES Indiana470 thousand homes. Investor-owned.Open
- ProfileNorthern Indiana Public Service434 thousand homes. Investor-owned.Open
- ProfileIndiana Michigan Power538 thousand homes. Investor-owned.Open
- ProfileSouthern Indiana Gas and Electric135 thousand homes. Investor-owned.Open
- ProfileHendricks County Rural Electric Membership Corporation39 thousand homes. Cooperative.Open
- ProfileSouth Central Indiana REMC35 thousand homes. Cooperative.Open
- ProfileNortheastern Rural Electric Membership Corporation31 thousand homes. Cooperative.Open
- ProfileCity of Anderson30 thousand homes. Municipal.Open
How Indiana compares
The statewide average residential price is 15.96 cents per kWh and the average bill is $149.72 a month. See the full breakdown, rankings and neighbors on the Indiana electricity rates page. Among utilities with at least 10,000 bundled residential customers, average prices ran from 10.31 cents at City of Logansport to 22.05 cents at Northern Indiana Public Service.
Can you switch electric companies in Indiana?
Most households cannot choose. The company that serves your address is set by where you live. Regulation and complaints go through the Indiana Utility Regulatory Commission.
Find yours
Not sure which one serves you?
Indiana electric company questions
Who is the largest electric company in Indiana?
Duke Energy Indiana serves the most residential customers in Indiana, about 809 thousand homes in 2025 (EIA Form EIA-861).
How many electric utilities are there in Indiana?
EIA lists 46 electric utilities with residential customers in Indiana for 2025. Most households are served by a handful of the largest ones.
Which Indiana utility has the lowest average price?
Among Indiana utilities with at least 10,000 bundled residential customers, City of Logansport had the lowest average residential price in 2025 at 10.31 cents per kWh and NIPSCO (Northern Indiana Public Service) had the highest at 22.05 cents. Prices reflect the utility's costs and customer mix, so a lower price does not mean better service.
Can I choose my electric company in Indiana?
Usually not. Households in Indiana buy electricity from the utility, municipal system or cooperative that serves their address.