Rates

Boone Power strives to provide clear and competitive electric rates. As a not-for-profit electric utility, our rate structures reflect the actual cost of delivering safe, reliable power and help support long-term system improvements. 

Review our rate sheets or use the rate calculator below for more information about our charges. 

Rate Calculator

For residential customers, a General Service rate is the most common. The average usage per month for Boone Power members on the General Service rate is 1,200 kWh per month. For an average 1,200 kilowatt-hour per month user, the cost per kilowatt-hour calculates to 16.9 cents. This is calculated by taking the total bill for 1,200 kilowatt-hours ($202.75) divided by 1,200 kilowatt-hours.

According to the most recent available data from the U.S. Energy Information Administration, the average cost per kilowatt-hour in Indiana as of May 2026 was 18.2 cents. The average across the East North Central Region (includes Indiana, Illinois, Michigan, Ohio, and Wisconsin) was 20.8 cents per kilowatt-hour.

Enter your kilowatt-hour usage from your billing statement in the calculator below to see a full breakdown of costs. 

Figures used in the calculator have been updated for August 2026 billing statements, with a slight decrease to the Energy Charge, due to a decrease in our wholesale power costs. This change results in a decrease of $3.76 per month for the average General Service member using 1,200 kWh per month.

 
charges 8.1.26
A laptop on a wooden table outdoors displays a detailed utility bill breakdown, with a cup of coffee and a potted plant nearby in soft natural light.

What's on your bill?

Explore each part of your electric bill and learn how usage, rates, and programs come together.

Break Down My Bill

Explore Our Rate Options

Boone Power Rate Sheets

 

We offer the following rates:
 

  • General Service: For typical residential and small-use members using single-phase power with lower energy demand (under 75 kW).
    • Optional Time-of-Use Pilot Program: General Service accounts have the option to enroll in our one-year Time-of-Use pilot program, available for electricity consumption from Aug. 1, 2026 through July 31, 2027. Learn more and enroll HERE.
       
  • Small Power: Designed for small businesses or operations using multi-phase power with moderate demand (up to 35 kW).
     
  • Electric Schools: Applies to K–12 schools that receive all their electricity from Boone Power, with billing based on both energy use and peak demand.
     
  • Large Power: For commercial or industrial members with higher energy needs and demand (generally 35 kW up to under 1,000 kW).
     
  • Large Large Power: For very large energy users with significant demand (1,000 kW and above), typically large industrial operations.
     
  • Net Metering: For members who generate their own electricity (like solar) and receive credit for excess energy sent back to the grid.
     
  • EnviroWatts Green Power: An optional program that lets members purchase renewable energy from environmentally preferred sources for an added cost.

For any additional information regarding our rates, call us at 800-897-7362.

 

Curious about Net Metering?

 Explore how it allows you to offset your energy use and reduce your bill.

Learn More