Indiana Michigan Power Co Rates: Average Bill & Price per kWh
Residential rates for Indiana Michigan Power Co and how they compare to the Michigan average — 2024 EIA-861 annual data.
Residential customers of Indiana Michigan Power Co average $139.69/month at 17¢/kWh — below the Michigan average of $150.77.
Where Indiana Michigan Power Co rates are heading
Annual residential figures from Form EIA-861, 2019–2024.
| Year | Rate | Avg bill | Res. customers |
|---|---|---|---|
| 2019 | 13.52¢/kWh | $118.73/mo | 110,317 |
| 2020 | 15.23¢/kWh | $137.01/mo | 110,852 |
| 2021 | 16.05¢/kWh | $142.27/mo | 111,360 |
| 2022 | 16.09¢/kWh | $141.11/mo | 111,731 |
| 2023 | 15.74¢/kWh | $129.22/mo | 112,109 |
| 2024 | 17¢/kWh | $139.69/mo | 112,600 |
Rate context in Michigan
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 | Michigan (latest month) |
|---|---|---|
| Avg bill | $139.69/mo | $150.77/mo |
| Rate | 17¢/kWh | 22.99¢/kWh |
Common questions
How much is the average electric bill with Indiana Michigan Power Co?
Indiana Michigan Power Co residential customers averaged $139.69 per month in 2024 (EIA-861 annual data) — about $1,676.29 per year.
What does Indiana Michigan Power Co charge per kWh?
Indiana Michigan Power Co averaged 17¢ 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 Michigan average?
Indiana Michigan Power Co bills average $139.69 — lower than the Michigan average of $150.77 (latest EIA month).
How many customers does Indiana Michigan Power Co serve?
Indiana Michigan Power Co served 112,600 residential customers in 2024, per EIA-861 — one of the largest utilities we track in MI.
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.