EIA data through August 2026 · updated 2026-10-29

Electricity rates in 47932 — Covington, IN

Homes in ZIP 47932 pay about 16.2¢ per kWh (Duke Energy Indiana, LLC, Jan–Aug 2026). The Indiana average is 17.0¢ and the U.S. average 18.2¢ (Aug 2026).

Avg. home price16.2¢per kWh
UtilityDuke Energy Indiana, LLC
IN average17.0¢Aug 2026
U.S. average18.2¢Aug 2026
Avg. monthly bill$120943 kWh/month, 2024

What a month of electricity costs

500 kWh / month$81
900 kWh / month$146
1,200 kWh / month$195

Monthly cost at the average price of 16.2¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Where ZIP 47932 is

Outlined: ZIP code area · scroll or pinch to zoom

Utilities serving 47932

UtilityHome priceAvg. billCustomers in IN
Duke Energy Indiana, LLC
Investor Owned
16.2¢
Jan–Aug 2026
$120796,265
Tipmont Rural Elec Member Corp
Cooperative
16.1¢
2024
$15428,885
Parke County Rural E M C
Cooperative · serves Fountain County
15.7¢
2024
$18812,571
City of Covington (IN)
Municipal · serves Fountain County
13.9¢
2024
$1701,672
Town of Veedersburg (IN)
Municipal · serves Fountain County
10.7¢
2024
$3581,256

Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Fountain County; county matches may serve only part of the area. Prices are each utility’s average residential revenue per kWh.

Indiana price trend

11¢13¢15¢17¢19¢20222023202420252026Indiana averageU.S. averageDuke Energy Indiana, LLC 11¢13¢15¢17¢19¢20222023202420252026Indiana averageU.S. averageDuke Energy Indiana, LLC
Indiana averageU.S. averageDuke Energy Indiana, LLC
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.

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 47932

How much does electricity cost in 47932?

About 16.2¢ per kWh for homes (Duke Energy Indiana, LLC, Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $146.

Who is the electric utility for 47932?

Duke Energy Indiana, LLC, with about 796,265 residential customers in Indiana; 4 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¢.