Indiana Michigan Power Co: average rate and electric bill (2025)
Indiana Michigan Power Co (investor-owned utility, Indiana) served 425,007 homes in 2025. The average customer used 853 kWh a month and paid $146, an average price of 17.2¢ per kWh including fixed charges, riders and taxes. That is 8% above the Indiana average of 16.0¢.
What a bill costs at Indiana Michigan Power Co's average price
| Monthly usage | Estimated bill |
|---|---|
| 500 kWh | $86 |
| 1,000 kWh | $172 |
| 1,500 kWh | $257 |
The average price spreads fixed monthly charges over all kWh. At low usage your price per kWh is higher, at high usage lower. Your current tariff can differ from the 2025 average, especially after a rate case.
Calculate your bill · Heat pump vs furnace with this rate
Compare with other utilities in Indiana
| Name | ¢/kWh | Avg. bill |
|---|---|---|
| City of Mishawaka | 12.4 | $76 |
| City of Anderson | 12.7 | $108 |
| Johnson County Rural E M C | 13.4 | $151 |
| Harrison County Rural E M C | 13.6 | $181 |
| Hendricks County Rural E M C | 13.7 | $166 |
| Clark County Rural E M C | 14.3 | $179 |
| Jackson County Rural E M C | 14.4 | $194 |
| AES Indiana | 14.7 | $138 |
| Duke Energy Indiana, LLC | 15.0 | $149 |
| Northeastern Rural E M C | 15.4 | $158 |
| Southeastern Indiana R E M C | 15.6 | $188 |
| Tipmont Rural Elec Member Corp | 16.4 | $163 |
| Indiana Michigan Power Co | 17.2 | $146 |
| South Central Indiana REMC | 17.5 | $199 |
| Southern Indiana Gas & Elec Co | 19.8 | $177 |
Source: U.S. Energy Information Administration, Form EIA-861 annual data 2025 (released October 2026), utility ID 9324. Average price = residential revenue ÷ residential kWh sold; average bill = revenue ÷ customers ÷ 12.