INDIANA — AES Indiana has received unanimous approval from the Indiana Utility Regulatory Commission (IURC) to adjust base rates for electricity. Starting in mid-May, base rates will increase by approximately 7.2 percent or a little under $10 for the average customer. While the proposed rate increase will vary among business customers, most small businesses can expect a rate increase in the 2 percent to 10 percent range. Base rates were last updated five years ago.
In addition to the rate adjustments, AES Indiana has agreed upon several customer benefits, including eliminating residential customer disconnections on Fridays, weekends, and certain holidays and greater protections for customers with Medical Alerts.
In addition, the Indiana Department of Revenue announced that the state gasoline tax will increase to 20.4 cents per gallon, up from April’s tax of 18.9 cents. March of 2024 also saw an increase in the gas tax for Hoosier drivers.