Indiana Michigan Power (AEP) electric rates
Updated October 7, 2026 · Source: EIA Form 861 (2024)
Investor-owned utility serving 422,062 homes in Indiana.
Your rate
Estimate your bill
It's on your bill, usually near the top. Starting at 827 kWh, the average for Indiana Michigan Power (AEP) homes.
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 Indiana Michigan Power (AEP) right now. We check regulator dockets weekly; last check October 7, 2026. Know of one?
Rate history
Indiana Michigan Power (AEP)'s average rate is up 14% 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 Indiana Michigan Power (AEP) yet. Check Indiana programs or read what's left after the federal credits ended.
About Indiana Michigan Power (AEP)
- Legal name
- Indiana Michigan Power Co (American Electric Power)
- Ownership
- Investor Owned
- Homes served
- 422,062 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
Other utilities in Indiana
- Duke Energy Indiana 12.75¢
- AES Indiana 13.75¢
- NIPSCO 19.09¢
- Southern Indiana Gas & Elec 17.52¢
- Hendricks County Rural E M C 13.84¢
- South Central Indiana REMC 17.73¢
- Northeastern Rural E M C 14.96¢
- City of Anderson 12.82¢