Rates by state / Indiana / Indiana Michigan Power Co
Investor Owned · 425,007 residential customers
Indiana Michigan Power Co electricity rates
Residential customers paid an average of 17.2¢ per kWh in 2025, 1% above the Indiana average of 16.9¢ for the latest 12 months.
Average rate
17.2¢/kWh
2025, all residential revenue ÷ kWh
Average bill
$146/mo
At 853 kWh a month
1-year change
+5.2%
5 years: +20.4%
Average rate by year
202014.3¢
202114.7¢
202215.8¢
202316.1¢
202416.3¢
202517.2¢
Indiana Michigan Power Co bill at different usage levels
Estimated monthly bill at Indiana Michigan Power Co's 2025 average rate of 17.2¢ per kWh. Actual bills vary with your plan, fixed charges and taxes.
| Monthly use | Indiana Michigan Power Co | Indiana average |
|---|---|---|
| 500 kWh | $86 | $85 |
| 750 kWh (about average here) | $129 | $127 |
| 1,000 kWh | $172 | $169 |
| 1,500 kWh | $257 | $254 |
| 2,000 kWh | $343 | $339 |
Other utilities in Indiana
| Utility | Customers | Rate |
|---|---|---|
| Duke Energy Indiana, LLC | 808,572 | 15.0¢ |
| AES Indiana | 469,634 | 14.7¢ |
| Northern Indiana Pub Serv Co | 433,889 | 22.1¢ |
| Southern Indiana Gas & Elec Co | 134,700 | 19.8¢ |
| Hendricks County Rural E M C | 38,554 | 13.7¢ |
| South Central Indiana REMC | 35,216 | 17.5¢ |
| Northeastern Rural E M C | 31,034 | 15.4¢ |
| City of Anderson - (IN) | 29,600 | 12.7¢ |
Indiana Michigan Power Co: common questions
- How much does Indiana Michigan Power Co charge per kWh?
- Indiana Michigan Power Co residential customers paid an average of 17.2¢ per kWh in 2025, counting all charges, according to EIA Form 861 data.
- What is the average Indiana Michigan Power Co electric bill?
- The average Indiana Michigan Power Co household used 853 kWh a month in 2025, which works out to about $146 a month at the average rate.
- Is Indiana Michigan Power Co cheaper than other utilities in Indiana?
- Indiana Michigan Power Co's average rate is 1% above the Indiana average of 16.9¢. 41 of 46 utilities in Indiana have a lower average rate.
- Did Indiana Michigan Power Co raise rates?
- Indiana Michigan Power Co's average residential rate changed +5.2% from 2024 to 2025 and +20.4% since 2020.
- Is my Indiana Michigan Power Co bill too high?
- Enter the kWh and amount from your bill in the free bill check on AverageElectricBill.com. It compares your use with similar Indiana homes and your rate with Indiana Michigan Power Co's average.
Got a Indiana Michigan Power Co bill?
Check my billSource: U.S. EIA Form EIA-861, 2025 final data.