Most Severe in at Least 2 Decades

FOR IMMEDIATE RELEASE: July 23, 2025

Contacts:

Kerwin Olson, Executive Director, (317) 735-7727, kolson@citact.org   

Ben Inskeep, Program Director, (317) 735-7741, binskeep@citact.org 

INDIANAPOLIS – A damning new analysis by Citizens Action Coalition (CAC) exposes how Indiana’s monopoly utilities have imposed the most severe electric bill increases on residential customers in at least two decades — with some families paying nearly $50 more a month than just one year ago.

Kerwin Olson, CAC Executive Director, condemned the trend: “Things keeps getting worse for Hoosier consumers and our state leaders continue to allow it to happen. Based on this trend, the rhetoric regarding affordability emanating from the Statehouse appears to be nothing more than lip service. Hoosier consumers can no longer afford monopoly pricing. Something must change, soon.”

Using data from the Indiana Utility Regulatory Commission (IURC), CAC compared July 1st residential bills for 1,000 kWh from 2024 and 2025 across Indiana’s five investor-owned electric utilities.  The findings reveal a crisis of affordability.

Key Findings:

• Statewide average increase: over $28/month (17.5%) — the highest year-over-year jump since at least 2005, nearly double the prior year’s record increase of 9.3%.

   

• NIPSCO residential customers (already paying the highest bills) were hit hardest: $50/month (26.7%) increase in just one year, compounding a 17.8% hike in 2024.  This follows an IURC-approved settlement opposed by CAC.

   

• CenterPoint bills surged $44/month (25%) after the IURC greenlit a massive base rate increase over consumer advocates’ objections.

   

• Duke Energy Indiana raised residential bills nearly $26 per month (20%), largely to subsidize its failing coal plants.

• AES Indiana increased bills nearly $17/month (12%) — and now seeks an additional $30/month by 2027 in a pending rate case.

   

• I&M bills rose $6/month (3.9%), despite the utility already earning more profit than the IURC allows.

   

   

The figures below present the main findings of CAC’s bill analysis.

_______________________________________________

CAC’s full analysis is available here.