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City of Richmond electric rates

Updated October 7, 2026 · Source: EIA Form 861 (2024)

Municipal utility serving 16,310 homes in Indiana.

Your rate

13.12¢per kWh, average residential rate 20% lower than the U.S. average (16.4¢)

$120average monthly bill$1,441 a year

915kWh used per month, average home

+29%rate change since 2020U.S. average: +28%

Estimate your bill

Electricity you use each month (kWh)

It's on your bill, usually near the top. Starting at 915 kWh, the average for City of Richmond homes.

kWh

$120 a month

$12 fixed charge + 11.8¢ × 915 kWh

This is an estimate. Uses the EIA average rate with a nominal $12 fixed charge; real tariffs have tiers, time-of-use pricing and riders. Your bill also includes taxes and fuel adjustments that change month to month.

Rate cases

No rate case on file for City of Richmond right now. We check regulator dockets weekly; last check October 7, 2026. Know of one?

Rate history

City of Richmond's average rate is up 29% since 2020, versus +28% for the U.S. average.

Average residential revenue per kWh, EIA-861. Includes delivery and, where the utility sells it, supply.

Rebates for heat pumps, batteries and EV chargers

We haven't found utility-level rebates for City of Richmond yet. Check Indiana programs or read what's left after the federal credits ended.

About City of Richmond

Ownership: Municipal
Homes served: 16,310 residential customers (2024)
Grid operator: PJM
Retail choice: No — one bundled rate
Data: EIA-861 2024, released October 7, 2026; rate cases checked October 7, 2026

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