Electricity rates — Minnesota

What households in Minnesota pay, by EIA's count

Minnesota's residential electricity averaged 16.2¢ per kWh over the 12 months to June 2026, the 24th-highest of the 50 states and DC and 10% below the US average of 17.9¢. It sits between Texas (15.9¢) and Virginia (16.3¢).

EIA lists 46 utilities serving homes in Minnesota. By homes served, the largest 5 are Northern States Power Co - Minnesota (1,230,057), Connexus Energy (134,095), ALLETE, Inc. (125,896), Dakota Electric Association (108,097), and East Central Energy (55,250). Member-owned cooperatives supply about 28% and municipal utilities supply about 7% of its households.

Over five years they rose 21.4%, well behind the US's 34.7%.

Minnesota homes used the most electricity in January and the least in October (2021–2025): a winter peak, 1.5 times the lightest month. July's bills were the highest, averaging $138; April's the lowest, $93. September was the dearest month per kWh, 17% above January.

The utilities with a ranked plan on this page serve about 48% of Minnesota's households: Northern States Power Co - Minnesota (1,230,057). That is less than half the state, so the plans below describe those utilities, not Minnesota; EIA's figure is the state's. Their median plan at 1,000 kWh a month works out to 16.8¢ per kWh.

Chart of this for reuse (PNG), free to republish under CC BY 4.0 with credit to WattClear. Suggested alt text: “Bar chart. Minnesota's average home electricity price, July 2025 to June 2026, was 4.1% higher than the 12 months before, the joint 40th-largest rise of the 50 states. Washington, DC: +24.9%. United States average: +6.7%. Source: U.S. Energy Information Administration.”

In the guides: Summer and winter bills, state by state

What a typical bill in Minnesota costs

At 1,000 kWh a month the 4 generally available plans here run from $1,945.43 on Residential TOD Underground Standard (A04) to $2,028.89 on Residential TOD Overhead Standard (A02), with a median of $2,016.44.

Effective rates span 16.2¢ to 16.9¢ per kWh at that usage.

Which plan in Minnesota is cheapest as use rises

Residential TOD Underground Standard (A04) is cheapest at every level tested — $1,008.70 a year at 500 kWh a month, $3,818.82 at 2,000 kWh.

The penalty for a poor choice grows with usage: $41.72 a year at 500 kWh against $166.90 at 2,000 kWh.

How Minnesota's plans are structured

Of 30 priceable plans: 2 tiered, 9 time-of-use, 11 priced by season, 2 with demand charges, 9 flat-rate.

Fixed monthly charges run from $5.66 to $20.50.

Who provides Minnesota's plans

These plans come from 6 utilities: Connexus Energy, Interstate Power and Light Co (Minnesota), Minnesota Power Inc, Northern States Power Co - Minnesota, Rochester Public Utilities, Wright-Hennepin Coop Elec Assn.

A further 2 published schedules could not be priced, mostly export-only net-metering rates. They are listed with the reason rather than hidden.

The largest saving among Minnesota's plans

Moving from Residential TOD Overhead Standard (A02) to Residential TOD Underground Standard (A04) saves $83.46 a year at 1,000 kWh a month, with no change in consumption.

What the Minnesota figures do not cover

9 of these plans price by the hour; their figures assume the typical hourly pattern of homes in Minnesota, not this household's own hours.