What Indiana households pay for electricity and heat, by provider

Residential rates by utility (EIA-861, average all-in ¢/kWh)

Average price = residential revenue ÷ residential sales from each utility's federal EIA-861 filing (bundled service — supply + delivery + riders, not a quoted tariff rate). State average = 14.78¢/kWh, volume-weighted across these utilities (2024). Your distribution utility is fixed by address; these gaps measure what households in different territories actually paid. A further 1 competitive suppliers / solar lessors report energy-only or behind-the-meter sales in Indiana; their prices cover only part of the bill and are not comparable to the all-in figures above.

Can you choose your electric company in Indiana?

Electric supply choice: no  ·  Gas supply choice: yes

Electric regulated. NIPSCO Choice residential gas program.

How to switch suppliers in Indiana (3 steps)

1. Find the price to compare (default supply rate) on your utility bill — you only save when an offer beats it for the same period.
2. Compare licensed supplier offers on the state's official shopping site: in.gov/iurc. Check term, early-exit fees, and whether the rate is fixed or variable.
3. Sign up with the supplier — they handle the switch. Your utility still delivers the power, owns the wires, and responds to outages; only the supply line of the bill changes.

Heating: which fuel is cheapest per million BTU in Indiana?

Utility natural gas is the cheapest heating fuel in Indiana at $10.77/MMBTU — heating oil costs 3.1× as much per BTU. Conversions: 1 kWh = 3,412 BTU; 1 therm = 100,000 BTU; heating oil 138,500 BTU/gal; propane 91,452 BTU/gal. Site-energy prices — appliance efficiency changes delivered-heat cost: a 95% AFUE gas furnace delivers heat near the gas figure, while a heat pump at seasonal COP 2.5–3 cuts the effective electric figure by 60–70%.

Electricity price trend, last 12 months

Indiana's average residential price went from 14.64¢/kWh in Feb '25 to 16.06¢/kWh in Feb '26 — up 10% year-over-year. The 12-month peak was 17.41¢ in Nov '25.

Head-to-head utility comparisons in Indiana

• Duke Energy Indiana, LLC vs AES Indiana — who's cheaper?
• Duke Energy Indiana, LLC vs Northern Indiana Pub Serv Co — who's cheaper?
• Duke Energy Indiana, LLC vs Indiana Michigan Power Co — who's cheaper?
• Duke Energy Indiana, LLC vs Southern Indiana Gas & Elec Co — who's cheaper?
• AES Indiana vs Indiana Michigan Power Co — who's cheaper?
• Northern Indiana Pub Serv Co vs Indiana Michigan Power Co — who's cheaper?
• AES Indiana vs Southern Indiana Gas & Elec Co — who's cheaper?

Questions people ask

Who has the cheapest electricity in Indiana?

Duke Energy Indiana, LLC, at an average 12.7 cents per kWh for 2024 among Indiana utilities with at least 50,000 customers (EIA-861). The most expensive, Northern Indiana Pub Serv Co, averaged 19.1 cents — a difference of about $685 per year at 10,800 kWh.

Can I choose my electric company in Indiana?

No. Indiana is a regulated retail market: your utility is set by address and there is no residential supplier shopping. Rates are set in state utility-commission proceedings (in.gov/iurc).

Is gas or electric heat cheaper in Indiana?

Per million BTU of site energy, utility natural gas was $10.77 (Feb 2026) versus $47.07 for electric resistance heat, $33.79 for heating oil. A heat pump delivering 2.5-3 units of heat per unit of electricity brings electric heating to roughly $16-19 per MMBTU.

What is the average electric bill in Indiana?

At Indiana's February 2026 average price of 16.06 cents/kWh and typical usage of 900 kWh per month, a household pays about $145 per month ($1734 per year) for electricity. Actual bills vary with usage, utility territory, and tariff.