Indiana Michigan Power Electricity Rates

Indiana Michigan Power (I&M) is an electric utility company that operates in Indiana, serving approximately 460,000 customers. The company has a generation capacity of 2,600 megawatts and operates a transmission and distribution system spanning 24,000 miles. I&M's service territory in Indiana includes 63 communities, including Fort Wayne, Muncie, and South Bend. The company's focus is on providing reliable and affordable electricity to its customers while also investing in renewable energy and energy efficiency programs. I&M has committed to reducing its carbon footprint by 80% below 2005 levels by 2050 and has already retired several coal-fired power plants in Indiana in favor of cleaner energy sources.

Phone

1-800-311-4634

Indiana Michigan Power Energy Sources

Indiana Michigan Power's energy comes from natural gas, wind, and coal. Natural Gas is the largest source of electricity, providing 56% of Indiana Michigan Power's energy. Wind is the second largest source, making up 23%. Coal provides 21% of Indiana Michigan Power's electricity.

56%

Natural Gas

23%

Wind

21%

Coal

Indiana Michigan Power Rates

The average electricity rate for Indiana Michigan Power customers is 14.68 cents/kWh. Indiana Michigan Power has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential Service – Demand Metered(R.S.D)TOU13¢ to 265¢
Residential Service Time-of-Day 2TOU14¢ to 27¢
Residential Electric ServiceFixed14¢ to 15¢
Residential Service Time-of-DayTOU9¢ to 21¢
Residential - Off-Peak Energy Storage/ Plug-in Electric Vehicle (OPES/PEV)TOU7¢ to 20¢

Indiana Michigan Power Reliability

In 2021, the average Indiana Michigan Power customer lost electricity one time for a duration of 378 minutes. In total, the average Indiana Michigan Power customer had their electricity out for about 426 minutes during the whole year.

Netmetering

Determined by instantaneous comparison of generation and consumption. Excess kWh credited at 125% of avoided cost.

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