AES Indiana has received permission to raise rates in two phases, starting this summer. The increase will allow AES to earn about $71 million more per year, citing rising costs for materials and labor.

Rate Increase Details

For a typical residential customer using 1,000 kilowatt hours of electricity, AES Indiana estimates that the total increase will be about $9.50 per month. Consumer advocacy group Citizens Action Coalition estimates that bills will be about $23 more expensive compared to May 2025.

The rate increase comes from an agreement AES made with the city of Indianapolis and some large companies, including Walmart and Eli Lilly. Originally, AES wanted to increase rates by an estimated $21 for a customer using 1,000 kilowatt hours per month.

Gov. Mike Braun criticized the commission’s ruling to raise rates for AES customers, calling it “unacceptable” in a statement. Braun also asked the Office of Utility Consumer Counselor to file a petition for reconsideration of the case.

Original reporting: Mirror Indy — read the source article.