When you know what to expect, it's easier to plan your budget. 

 

AES Indiana has updated its billing program to comply with the new Indiana law, House Enrolled Act (HEA) 1002 (2026), which requires all investor-owned utilities to transition Budget Billing programs to a new statewide standard called Levelized Billing. 

You can have a more predictable energy bill by enrolling in AES Indiana’s Levelized Billing program. Instead of monthly bills that vary widely based on weather or seasonal energy use, Levelized Billing spreads costs more evenly throughout the year using an average of your past energy use. 

 

How it works

  • Your Levelized Billing amount is based on the average of your last twelve AES Indiana bills. 

  • This approach helps reduce large bill swings during hotter or colder months, resulting in more consistent bills throughout the year. 

  • We’ll “settle up” with a credit or balance due on your April and October bills, which occur outside typical peak energy‑use seasons. 

  • Your account is reviewed twice a year to help keep your Levelized Billing amount accurate over time. 

  • On every bill, you’ll see how much energy you actually used and the cost of that usage, which may be more or less than the amount you pay that month under the Levelized Billing plan. 

  • That average becomes your monthly payment. You’ll be billed for the same amount each month, even if your energy use varies. 

What happens during a “settle-up”

  • On our Levelized Billing program, your account will be reviewed twice a year, in April and October. These reviews are called settle-ups. 

  • During a settle-up, AES Indiana compares how much energy you actually used with how much you paid through your levelized monthly payments.  

  • If your usage and payments align, your monthly amount will stay the same. 

  • If your energy use has changed, your monthly payment will be adjusted so it continues to reflect your actual energy usage. 

  • This biannual review helps ensure your levelized amount remains accurate over time while still providing predictable monthly payments. 

 

Who is eligible

  • AES Indiana residential customers who are current on their bill.

 

 

How to start

  • Residential customers can view their Levelized Billing amount and enroll online through their AES Indiana account. 

  • Business customers can contact AES Indiana by email or call 317-261-8444 for enrollment assistance. 

  • Once enrolled, your Levelized Billing plan will begin with your next monthly billing statement