Umair Gaines
Elwood, Indiana, is a city that imports all of its electricity from surrounding areas, as it has no power production sources of its own. The average residential price per kilowatt-hour is approximately 16.38 cents, which is 10.36% higher than the average state rate. Indiana Michigan Power is the largest electricity company in Madison County, Indiana, by total customer count. AES Indiana and Duke Energy Indiana are also electricity suppliers in the area.
| Characteristics | Values |
|---|---|
| Average residential price per kWh | 16.38 cents |
| Average residential monthly electricity bill | $133.07 |
| Average number of outages per consumer per year | 1.23 |
| Average outage time | 204.19 minutes |
| Electricity supplier | Indiana Michigan Power |
| CO2 emissions from electricity use | 76,040,761.25 kg |
| CO2 emissions per resident | 9,167.06 kg |
| EV charger rebate | $250 |
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What You'll Learn
Elwood's electricity suppliers
Elwood, Indiana, is served by multiple electricity suppliers, including Indiana Michigan Power, AES Indiana, and Duke Energy Indiana. The city's electricity is entirely imported from surrounding areas, as there are no power production sources within Elwood itself.
Indiana Michigan Power is the largest electricity company in Madison County, Indiana, in terms of total customer count. They sell an estimated 18,379.46 megawatt-hours in the city annually, which is more than any other electricity supplier in the area.
AES Indiana offers incentives to electric vehicle (EV) owners, such as a $250 rebate for purchasing a new Level 2 EV charger and a Time of Use (TOU) rate for customers with licensed EVs.
Duke Energy Indiana also provides services for EV owners, allowing them to rent Level 2 and direct current (DC) fast chargers for a flat monthly rate.
The average residential price per kilowatt-hour in Elwood is approximately 16.38 cents, which is 10.36% higher than the average state rate for Indiana. The city experiences an average of 1.23 outages per consumer each year, with each outage lasting approximately 204.19 minutes.
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Average residential price per kWh
The average residential price per kilowatt-hour (kWh) in Elwood, Indiana, is approximately 16.38 cents, which is 10.36% higher than the average state rate of 14.84 cents. This rate is also higher than the national average rate of 20 cents per kWh.
Elwood's residential electric rates are highest in October, and the highest average bill is in August. The average monthly electricity bill for Elwood residents is $133.07, which is calculated based on the average residential price per kWh.
The price per kWh is determined by various factors, including location, the type of building, customer class (residential, commercial, etc.), and energy consumption. In Indiana, the average electricity customer uses 1,193 kWh of electricity per month, resulting in an average monthly bill of $192.
In a deregulated energy market like Indiana, residents have the option to choose their natural gas provider. Companies such as Just Energy offer competitive rates and plans, including fixed-rate plans that allow customers to lock in their preferred natural gas price for the duration of their contract.
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Average electricity bill
Elwood, Indiana is a deregulated energy market, meaning residents can choose their electricity provider. One such provider is Just Energy, which supplies natural gas and electricity to the region. Another is Indiana Michigan Power, which sells an estimated 18,379.46 megawatt-hours in the city annually.
The average residential price of electricity in Elwood is approximately 16.38 cents per kilowatt-hour, which is 10.36% higher than the state average of 14.84 cents. The average monthly electricity bill for Elwood residents is $133.07, though this figure can vary depending on the time of year, with the highest average bill occurring in August.
The average monthly electricity bill for Indiana residents is $141.45, though this can also vary depending on the time of year and other factors such as generation costs, grid maintenance, and regulatory policies. The average electric rate in Indiana is 16 cents per kilowatt-hour, which is lower than the national average of 20 cents per kilowatt-hour. Indiana residents spend around $192 per month on electricity, which is $3.42 more than the national average.
There are ways to reduce your electricity bill. For instance, you can use less electricity by being mindful of your energy consumption and reducing it where possible. You can also install solar panels to generate your own electricity and reduce your reliance on the electrical grid. Solar panel systems can be expensive to install, but they can help you save money in the long run by reducing your monthly electric bills.
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CO2 emissions
Elwood, Indiana is a deregulated energy market, meaning residents can choose their natural gas provider. Companies like Just Energy offer natural gas plans in the region, with the option to add on JustGreen to offset gas usage.
Now, onto CO2 emissions.
Elwood, Indiana, ranks 94th out of 696 cities in Indiana for total CO2 emissions from electricity use. The city releases 76,040,761.25 kilograms of CO2 emissions annually, which equates to 9,167.06 kilograms of CO2 emissions per resident. This per-capita figure is a more accurate representation of the city's pollution levels. Notably, Elwood imports all its electricity from surrounding areas, as there are no power production sources within the city.
Indiana's electricity consumption results in significant CO2 emissions. For instance, Marion County, which includes Indianapolis, is the highest out of 92 counties in Indiana for total pollution from electricity use, with 8,830,923,275.8 kilograms of CO2 emissions annually. Indianapolis alone emits 7,995,267,214.38 kilograms of CO2 emissions from electricity use, ranking 7th in Indiana for CO2 emissions per capita.
Other counties in Indiana, such as Hamilton and Madison, also contribute to the state's CO2 emissions. Hamilton County releases 3,119,016,984 kilograms of CO2 emissions from electricity consumption, ranking 83rd in the US out of 3221 counties. Madison County's electricity consumption results in 1,067,452,284.75 kilograms of CO2 emissions, making it the 15th highest-emitting county in Indiana.
To address these emissions, Indiana has commendable state-level net metering legislation, which, along with incentives like solar panels, can help promote renewable energy sources and reduce CO2 emissions.
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EV charging stations
AES Indiana is the electric company that serves Elwood, Indiana. They offer a range of incentives for customers who own electric vehicles (EVs). This includes a Time of Use (TOU) rate for residential and business customers. AES Indiana also provides a $250 rebate for the purchase of a new Level 2 EV charger, although customers must enrol in a managed charging program.
There are currently no EV charging stations in Elwood, Indiana. However, there are several options available for residents to charge their EVs. Indiana Michigan Power offers a $500 rebate for the purchase of a Level 2 EV charger for residential customers who enrol in the EV TOU rate. This rate requires a metering system capable of separately tracking EV charging. Additionally, Duke Energy allows residential and commercial customers to rent Level 2 and direct current (DC) fast chargers for a flat monthly rate.
For those willing to travel outside of Elwood, there are several EV charging stations in nearby areas. For instance, the Indiana State Parking Garage at 401 W. Maryland St. has four charging stations. Another option is CityWay, located at 301 S. Delaware St.
Indiana utilities have also joined the National Electric Highway Coalition (NEHC). This coalition is committed to creating a network of DC fast chargers along major highway systems, connecting the Atlantic Coast to the Pacific Coast in the United States. This initiative will enable long-distance EV travel and provide efficient and effective fast-charging options.
Additionally, Elwood, Victoria, Australia, has several EV charging stations. Elwood Beach and Elsternwick Park are two iconic landmarks in the area with conveniently located charging stations. The Yarra Valley, just over an hour's drive from Elwood, is another popular destination with charging stations in places like Lilydale or Healesville. The Great Ocean Road, a stunning coastal route, is also accessible from Elwood, with charging stations available in Geelong or Torquay.
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Frequently asked questions
Indiana Michigan Power is the largest electricity company in Madison County, Indiana, by total customer count.
The average residential price per kilowatt-hour in Elwood is approximately 16.38 cents, which is 10.36% higher than the average state rate.
AES Indiana offers a TOU rate to residential and business customers who own a licensed EV. Duke Energy also allows residential and commercial customers to rent Level 2 and direct current (DC) fast chargers for a flat rate each month.
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