Indiana · Investor Owned · serves 82 ZIP codes
Indianapolis Power & Light Co rate plans
2 residential plans are currently open to new customers. None of them price by hour, so shifting when you use power won’t change your bill here.
What does Indianapolis Power & Light cost at a normal month’s usage?
A household using 1,000 kWh a month pays about $1,877 a year on the cheapest of the 2 plans we can price here — RS - Residential - 0 - 325 KWH per month — and $1,931 on the priciest. Same house, same wires.
| A month of | Cheapest, a year | On which plan | Priciest |
|---|---|---|---|
| 500 kWh | $1,042 | RS - Residential - 0 - 325 KWH per month | $1,096 |
| 1,000 kWh | $1,877 | RS - Residential - 0 - 325 KWH per month | $1,931 |
| 2,000 kWh | $3,535 | RS - Residential - 0 - 325 KWH per month | $3,589 |
The same plan is cheapest at every level of use here, so the answer does not turn on how much you use. Estimates from the filed tariff, priced hour by hour on a household with central air — not a quote.
How much does the plan you pick actually matter here?
Run the same three-bedroom house with central air through every plan Indianapolis Power & Light Co files, and the bill lands anywhere between $1,525 and $1,579 a year. That $54 spread is not a difference in electricity — it is the same kilowatt-hours, from the same wires, priced under different rules. Nobody sends you a letter when you are on the wrong side of it.
The plan most households land on by default, RS - Residential - over 325 KWH per month, comes to about $1,579. The cheapest option here, RS - Residential - 0 - 325 KWH per month, comes to $1,525 — a gap of about $54 a year for a household that never changed a single habit. Whether you can actually capture that depends on when you use power, which is what the calculator below is for.
None of these 2 plans price by the hour, so when you use electricity here makes no difference to what you pay — only how much. That narrows your options to two levers: use less, or pick the plan whose fixed charge and tier structure suit your size of household.
Watch the fixed charges too. Across these plans they run from $150 to $204 a year before a single kilowatt-hour is counted. For a small household that difference alone can outweigh the per-kWh price, which is why comparing cents per kilowatt-hour on its own quietly misleads.
How Indianapolis Power & Light compares across Indiana
Run the same three-bedroom house with central air through its default plan at each of the 2 Indiana utilities we cover, and Indianapolis Power & Light is the cheapest of the lot at about $1,579 a year; the state median is $1,617. The dearest, Duke Energy Indiana, charges $1,655 for identical use — a gap set by the address, not by anything either household did.
The other two households tell the same story in different sizes: a small apartment pays about $932 here against a state median of $977, and the same house with an electric car charging overnight about $2,083 against $2,114. Effective rate, fixed charge included, is 16.7¢ per kilowatt-hour for the family home.
Inside Indianapolis Power & Light itself, the gap between its cheapest and dearest plan for that house is $54 a year — less than the $76 between Indiana's cheapest and dearest utilities. Here the address decides most of the bill; the plan decides the rest.
Every Indiana utility we cover, priced for the same three households →
Which plan would cost you least?
No bill upload, no sign-up. Tell us roughly what a month costs you and what runs on electricity — we price every plan against the same household and show you the gap.
That adds up to 10,593 kWh a year. Compare it to the total on your bill and adjust until it’s close.
Same usage, different plan
$54a year
That is the gap between the cheapest plan you could be on — RS - Residential - 0 - 325 KWH per month — and the priciest. Not by using less power. By being billed differently for the same power.
| Plan | Per year | Vs best |
|---|---|---|
| RS - Residential - 0 - 325 KWH per monthOne rate, every hour of the year. | $1,681 | — |
| RS - Residential - over 325 KWH per monthOne rate, every hour of the year. | $1,735 | +$54 |
An estimate, not a quote. Supply charges move month to month, and your real usage pattern is not exactly this one. What it does show reliably is the gap between plans — both are priced off the same assumptions.
Making sense of the bill
- How to read your electric bill
Four kinds of charge, only two of which you can do anything about.
- Fixed charges on your electric bill: what they are and why they matter
The line that makes cents-per-kilowatt-hour comparisons quietly wrong.
- How to compare electricity plans without getting it wrong
Six things that break a comparison, and the order to check them in.
Every plan, in detail
Hour-by-hour schedules, tier thresholds, and the tariff each one comes from.