Indiana Electricity Rates (2026)
16.2¢/kWhstate average
Near national averageUtilities in Indiana
Individual utility data for Indiana is coming soon. The state average residential rate is 16.2¢/kWh.
Rate Outlook for Indiana
Indiana's average residential electricity rate is currently 16.2 cents/kWh. Under EIA's reference scenario, rates are projected to reach 19.2 cents/kWh by 2031 and 21.8 cents/kWh by 2036, a 34.3% change. Under the high oil price scenario, rates could reach 22.7 cents/kWh.
EIA projections for Indiana vs. actual observed rates
Projected residential electricity rates for Indiana (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 18.0 | 18.2 | 17.9 |
| 2027 | 17.3 | 17.6 | 17.3 |
| 2028 | 17.6 | 17.8 | 17.7 |
| 2029 | 18.0 | 18.2 | 18.1 |
| 2030 | 18.5 | 18.7 | 18.7 |
| 2031 | 19.2 | 19.5 | 19.4 |
| 2032 | 19.7 | 20.3 | 20.0 |
| 2033 | 20.5 | 21.1 | 20.7 |
| 2034 | 21.1 | 21.7 | 21.1 |
| 2035 | 21.5 | 22.2 | 21.5 |
| 2036 | 21.8 | 22.7 | 21.8 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to Indiana's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.