Indiana Michigan Power Co. electricity rates

Indiana Michigan Power Co. (investor owned) residential customers paid about 16.4¢ per kWh (Jan–Aug 2026) — an average bill of $135 for 827 kWh a month.

What a month costs with Indiana Michigan Power Co.

500 kWh / month$82

900 kWh / month$148

1,200 kWh / month$197

Monthly cost at the average price of 16.4¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Price trend

Home priceAvg. billMonthly useBusiness rates

1Y3Y5YAll

Indiana averageU.S. averageIndiana Michigan Power Co.

Aug 202617.0¢per kWh

vs. 1 year ago+5%16.2¢

vs. 5 years ago+27.6%13.3¢

Record high18.1¢May 2026

Avg. home bill$1891,110 kWh, Aug

EIA forecast, East North Central19.1¢Dec 2027

Hover or tap the chart for exact monthly values. Source: EIA-861M (monthly, latest months preliminary); forecast: EIA Short-Term Energy Outlook (October 2026) for the East North Central region, which includes Illinois, Indiana, Michigan, Ohio, Wisconsin.

By state

State	Home price (2024)	Avg. bill	Customers
Indiana	16.3¢	$135	422,062
Michigan	17.0¢	$140	112,600

ZIP codes served

46001Alexandria46011Anderson46012Anderson46013Anderson46014Anderson46015Anderson46016Anderson46017Anderson46018Anderson46030Arcadia46031Atlanta46032Carmel46033Carmel46034Cicero46036Elwood46037Fishers46038Fishers46040Fortville46044Frankton46045Goldsmith46047Hobbs46048Ingalls46049Kempton46051Lapel46056Markleville46060Noblesville46061Noblesville46062Noblesville46063Orestes46064Pendleton46068Sharpsville46069Sheridan46070Summitville46072Tipton46074Westfield46076Windfall46082Carmel46085Fishers46148Knightstown46262Indianapolis46280Indianapolis46288Indianapolis46290Indianapolis46340Hanna46345Kingsbury46346Kingsford Heights46348La Crosse46350La Porte46352La Porte46360Michigan City46361Michigan City46365Mill Creek46371Rolling Prairie46382Union Mills46390Wanatah46391Westville46501Argos46504Bourbon46506Bremen46507Bristol46511Culver46513Donaldson46514Elkhart46515Elkhart46516Elkhart46517Elkhart46526Goshen46527Goshen46528Goshen46530Granger46536Lakeville46537Lapaz46540Middlebury46543Millersburg46544Mishawaka46545Mishawaka46546Mishawaka46550Nappanee46552New Carlisle46553New Paris46554North Liberty46556Notre Dame46561Osceola46563Plymouth46565Shipshewana46570Tippecanoe46571Topeka46572Tyner46573Wakarusa46574Walkerton46595Wyatt46601South Bend46613South Bend46614South Bend46615South Bend46616South Bend46617South Bend46619South Bend46624South Bend46626South Bend46628South Bend46634South Bend46635South Bend46637South Bend46660South Bend46680South Bend46699South Bend46701Albion46702Andrews46703Angola46705Ashley46706Auburn46710Avilla46711Berne46713Bippus46714Bluffton46721Butler46723Churubusco46725Columbia City46730Corunna46731Craigville46732Cromwell46733Decatur46737Fremont46738Garrett46740Geneva46741Grabill46742Hamilton46743Harlan46745Hoagland46746Howe46747Hudson46748Huntertown46750Huntington46755Kendallville46759Keystone46760Kimmell46761Lagrange46763Laotto46764Larwill46765Leo46766Liberty Center46767Ligonier46769Linn Grove46770Markle46771Mongo46772Monroe46773Monroeville46774New Haven46776Orland

and 244 more.

Averages, not a quote. Prices here are what each utility’s residential customers paid on average (revenue ÷ kWh sold, fixed charges included), as reported to the U.S. Energy Information Administration. Your own rate depends on your plan, season and usage — check your bill or your utility’s tariff.

Questions

What is Indiana Michigan Power Co.’s electricity rate?

About 16.4¢ per kWh for residential customers (Jan–Aug 2026 average, EIA-861M), including fixed charges spread over usage.

What is the average Indiana Michigan Power Co. electric bill?

$135 a month in 2024, for an average of 827 kWh (EIA-861).

Is Indiana Michigan Power Co. cheaper than the Indiana average?

Yes: 16.4¢ versus the Indiana average of 17.0¢ (Aug 2026).