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Indiana Michigan Power Electricity Rates

Indiana Michigan Power residential customers pay an average of 16.5¢/kWh (EIA-861, 2024, bundled service), or about $135.94 per month — 10% above the Indiana state average. See what your bill looks like at that rate below.

Residential rate

16.5¢/kWh

EIA-861, 2024, bundled

Average bill

$135.94

per month, residential

Vs IN average

+10%

14.8¢/kWh state avg

What a Indiana Michigan Power bill looks like by usage

Monthly cost at Indiana Michigan Power's effective 16.5¢/kWh rate vs the Indiana average of 14.8¢/kWh. U.S. homes average about 863 kWh/month.

Monthly usageIndiana Michigan PowerIN average
500 kWh$82.28$73.85
750 kWh$123.41$110.77
1,000 kWh$164.55$147.70
1,250 kWh$205.69$184.63
1,500 kWh$246.83$221.55
2,000 kWh$329.11$295.40

Indiana Michigan Power rates by state

Rates and average bills differ in each state Indiana Michigan Power serves.

StateRateAvg billCustomers
Indiana16.3¢/kWh$134.94/mo422,062
Michigan17.0¢/kWh$139.69/mo112,600

EV charging cost on Indiana Michigan Power

Rate is pre-filled to Indiana Michigan Power's 16.5¢/kWh. Enter your car's battery size.

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Frequently asked questions

Indiana Michigan Power's average residential rate is 16.5¢/kWh (EIA-861, 2024). That's the effective bundled rate — total residential revenue divided by kWh sold — so it includes supply, delivery, and riders, not just the advertised energy charge.

Other utilities in Indiana

Think your Indiana Michigan Power bill is too high?

Start with our guide to estimating and lowering your electric bill, then find the culprits with the appliance running-cost tables. EV driver on a time-of-use plan? See off-peak EV charging.

Estimate your electric billIndiana electricity ratesAverage electric bill in IndianaOff-peak charging savingsAll utilities