Indiana Electricity Prices

Indiana sits mid-pack — 18.15¢ per kilowatt-hour in May 2026, 20th-highest of 51 and 6.5% below the national benchmark.

At Indiana's May 2026 average of 18.15¢/kWh, 10,500 kWh of annual use works out to $1,906 a year — around $159 a month. Running the same 10,500 kWh calculation at the May 2026 national benchmark rate gives $2,038 — a $132 gap between the two published averages, less for Indiana, not a bill either way.

Over the full EIA series the Indiana jurisdiction average has risen 199% since January 2001, from 6.08¢ to 18.15¢ in May 2026 — a compound 4.4% per year. Indiana is among the most month-to-month variable third of jurisdictions.

Yes. The May 2026 average of 18.15¢ per kilowatt-hour is the highest monthly figure Indiana has recorded across the EIA series, which begins in January 2001. The previous floor for the jurisdiction was 6.08¢ in January 2001.

October. Measured over the 25 complete calendar years the EIA series covers for Indiana, 2001 through 2025, October runs highest relative to its own year and January runs lowest — a swing of roughly 15.0 percentage points.

Among Indiana and its land-border neighbours in May 2026, Kentucky posts the lowest average at 14.98¢ and Illinois the highest at 23.85¢. Indiana ranks 2nd of 5 in the group, at 18.15¢.

Almost certainly not exactly, and this is the one caveat that governs every figure on this page. The published value is the EIA residential average across every utility and residential rate class in Indiana for May 2026 — a benchmark, never a billed amount. Even the jurisdiction figure is not one number — across the trailing year it moved between 15.91¢ in December 2025 and 18.15¢ in May 2026. Your own rate depends on your utility, tariff, usage tier, time-of-use schedule, and fixed monthly charges, none of which this index models. Read your bill for the rate that applies to you.