Electricity rates in 46016 — Anderson, IN
Homes in ZIP 46016 pay about 16.4¢ per kWh (Indiana Michigan Power Co., Jan–Aug 2026). The Indiana average is 17.0¢ and the U.S. average 18.2¢ (Aug 2026).
What a month of electricity costs
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.
Where ZIP 46016 is
Outlined: ZIP code area · scroll or pinch to zoomUtilities serving 46016
| Utility | Home price | Avg. bill | Customers in IN |
|---|---|---|---|
| Indiana Michigan Power Co. Investor Owned | 16.4¢ Jan–Aug 2026 | $135 | 422,062 |
| City of Anderson (IN) Municipal | 12.8¢ 2024 | $109 | 29,533 |
| Duke Energy Indiana, LLC Investor Owned · serves Madison County | 16.2¢ Jan–Aug 2026 | $120 | 796,265 |
| AES Indiana Investor Owned · serves Madison County | 15.7¢ Jan–Aug 2026 | $123 | 469,499 |
| NineStar Connect Cooperative · serves Madison County | 15.7¢ 2024 | $194 | 17,770 |
| Henry County Rural E M C Cooperative · serves Madison County | 16.2¢ 2024 | $275 | 9,672 |
| Town of Pendleton (IN) Municipal · serves Madison County | 14.8¢ 2024 | $262 | 3,404 |
| Town of Frankton (IN) Municipal · serves Madison County | 13.2¢ 2024 | $152 | 1,127 |
Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Madison County; county matches may serve only part of the area. Prices are each utility’s average residential revenue per kWh.
Indiana price trend
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.
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 about 46016
How much does electricity cost in 46016?
About 16.4¢ per kWh for homes (Indiana Michigan Power Co., Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $148.
Who is the electric utility for 46016?
Indiana Michigan Power Co., with about 422,062 residential customers in Indiana; 7 other utilities also serve parts of the area.
Is electricity in IN getting more expensive?
The Indiana residential average was 17.0¢ per kWh in August 2026, up 5% from a year earlier; the U.S. average was 18.2¢.