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Hoosiers Hit with Historically High Electric Bill Increases, Consumer Watchdog Study Shows

INDIANA, JUL 23 – Monopoly investor-owned utilities approved by the Indiana Utility Regulatory Commission raised residential electric bills by 17.5%, averaging $28 more per month statewide, impacting affordability.

  • On July 1, 2024, to July 1, 2025, Hoosiers faced a 17.5% surge in electric bills, adding $28 monthly on average.
  • Under state law, the IURC must approve utility rate hikes, Kerwin Olson said, highlighting legislation that hamstrings commissioners into approving increases.
  • Duke Energy Indiana bills climbed nearly $26 per month , while CenterPoint Energy saw a $44 increase and NIPSCO experienced a $50 rise .
  • More than 4 in 10 Hoosiers report difficulty paying household expenses, 'something has to give,' said Kerwin Olson, highlighting increasing affordability strain.
  • With current hikes surpassing past records, AES Indiana has filed for another rate increase.
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Hoosiers’ electric bills spike 17.5% in one year

A new analysis of Indiana’s five investor-owned electric utilities shows bills went up 17.5% in one year, or $28 a month on average statewide.

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Indiana Capital Chronicle broke the news in on Wednesday, July 23, 2025.
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