The data below is sourced directly from the Indiana Utility Regulatory Commission’s website. It is clear that Indiana’s residential, commercial, and industrial rates are increasing rapidly compared to surrounding states.
Indiana used to have some of the nation’s lowest electricity rates, but this is no longer the case.
Residential Rates
2016: 24th lowest
2022: 14th highest
Commercial Rates
2016: 29th lowest
2022: 13th highest
Industrial Rates
2016: 28th lowest
2022: 13th highest
For the first time in 32 years, Indiana’s commercial rates are the highest in the Midwest.
As the chart above shows, Indiana has lost its competitive advantage in industrial electricity rates in the last 15 years.
