Indiana Michigan Power
Indiana Michigan Power is a electric only utility serving 600,000 customers in Indiana. Average residential rate: 15.42¢/kWh (10.5% below national average).
15.42¢
per kWh
600,000
customers
IN
state
Electric Only
service type
Rate Comparison
| Metric | Indiana Michigan Power | Indiana Avg | National Avg |
|---|---|---|---|
| Avg Rate | 15.42¢/kWh | 15.42¢/kWh | 17.22¢/kWh |
| Est. Monthly Bill (900 kWh) | $138.78 | $138.78 | $154.98 |
| Est. Annual Bill (900 kWh/mo) | $1,665.36 | $1,665.36 | $1,859.76 |
About Indiana Michigan Power
Indiana Michigan Power is one of the major electric utilities serving Indiana. With 600,000 customers, it ranks among the mid-sized utilities in the state.
The utility's average rate of 15.42¢/kWh is 10.5% below the national average of 17.22¢/kWh.
Visit the official Indiana Michigan Power website for current rates, outage maps, and payment options.
Other Utilities in Indiana
| Utility | Rate (¢/kWh) | Customers | Type |
|---|---|---|---|
| Duke Energy Indiana | 14.90¢ | 850,000 | electric |
| Indianapolis Power & Light | 14.60¢ | 500,000 | electric |
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)