Indiana Michigan Power Co Rates: Average Bill & Price per kWh
Residential rates for Indiana Michigan Power Co and how they compare to the Indiana average — 2024 EIA-861 annual data.
Residential customers of Indiana Michigan Power Co average $134.94/month at 16.31¢/kWh — below the Indiana average of $164.05.
Where Indiana Michigan Power Co rates are heading
Annual residential figures from Form EIA-861, 2019–2024.
| Year | Rate | Avg bill | Res. customers |
|---|---|---|---|
| 2019 | 13.7¢/kWh | $118.68/mo | 408,370 |
| 2020 | 14.25¢/kWh | $123.06/mo | 411,748 |
| 2021 | 14.68¢/kWh | $126.27/mo | 414,396 |
| 2022 | 15.77¢/kWh | $136.65/mo | 416,618 |
| 2023 | 16.08¢/kWh | $130.26/mo | 418,915 |
| 2024 | 16.31¢/kWh | $134.94/mo | 422,062 |
Rate context in Indiana
Statewide residential price trend (12 months) — context for Indiana Michigan Power Co's 2024 annual figure.
Indiana Michigan Power Co vs its state
Annual utility averages next to the latest statewide monthly figure — different windows, both labeled.
| Measure | Indiana Michigan Power Co | Indiana (latest month) |
|---|---|---|
| Avg bill | $134.94/mo | $164.05/mo |
| Rate | 16.31¢/kWh | 17.51¢/kWh |
Cities served by Indiana Michigan Power Co
Common questions
How much is the average electric bill with Indiana Michigan Power Co?
Indiana Michigan Power Co residential customers averaged $134.94 per month in 2024 (EIA-861 annual data) — about $1,619.23 per year.
What does Indiana Michigan Power Co charge per kWh?
Indiana Michigan Power Co averaged 16.31¢ per kWh for residential service in 2024 (annual revenue divided by sales, EIA-861). Actual rates depend on your plan and season.
How does Indiana Michigan Power Co compare to the Indiana average?
Indiana Michigan Power Co bills average $134.94 — lower than the Indiana average of $164.05 (latest EIA month).
How many customers does Indiana Michigan Power Co serve?
Indiana Michigan Power Co served 422,062 residential customers in 2024, per EIA-861 — one of the largest utilities we track in IN.
Data: Form EIA-861, 2024 annual residential figures for Indiana Michigan Power Co. Bill = residential revenue ÷ customers ÷ 12; rate = revenue ÷ sales. State context uses the latest EIA monthly data. See methodology.