How Increased Clean Energy Deployment in Indiana Can Pave the Way for Lower Bills
On behalf of Advanced Energy United, Synapse conducted an analysis of the potential for the accelerated deployment of clean energy to mitigate Indiana’s growing affordability crisis. From 2024 to 2025, Indiana residential customers saw average bill increases of 18%. The combination of high projected load growth and constraints around the availability of new supply side energy resources could create further electricity cost increases going forward.
At a time when new low-cost energy sources are needed most in Indiana, local permitting processes are creating an uncertain and risky business environment. This impairs the ability of new energy resources to come online quickly, meet increasing demand and mitigate rising electricity costs.
Using EnCompass, an industry standard electric sector capacity expansion model, we analyzed system costs under two scenarios: a Business-as-Usual (BAU) scenario and an Accelerated Clean Energy scenario. We found that accelerated deployment of clean energy could save Indiana consumers a cumulative $3.6 billion in energy bills from 2025 through 2035. These system costs translate into average cumulative residential bill savings of $90-410 per customer, depending on where in Indiana the customer lives. By 2035, annual bill savings could reach $45-102 per year.