Indiana Electric Bills Spike 17.5% in One Year
A new report shows that electric bills for Indiana residents rose 17.5% in just one year. That’s an average increase of $28 per month. The study was done by the Citizens Action Coalition (CAC) using data from the Indiana Utility Regulatory Commission.
The CAC says this is the highest jump in over 20 years. Some families now pay up to $50 more each month compared to last year.
Kerwin Olson, executive director of the CAC, criticized state leaders. He said they have failed to protect consumers from rising utility costs. “Hoosiers can no longer afford monopoly pricing,” Olson warned.
The report compared July 1 electric bills for 1,000 kWh of use in 2024 and 2025. It found the statewide increase was nearly double the previous year’s record of 9.3%.
Utility companies say the rise is due to major investments. The Indiana Energy Association (IEA) said upgrades to the electric grid and environmental rules are driving costs. IEA also pointed out that Indiana still has some of the lowest rates in the region.
Here’s how much more customers are paying:
- NIPSCO: +$50/month (26.7%)
- CenterPoint: +$44/month (25%)
- Duke Energy Indiana: +$26/month (20%)
- AES Indiana: +$17/month (12%)
- Indiana Michigan Power: +$6/month (3.9%)
