Minnesota electricity rates (August 2026)

Average residential and commercial electricity prices in Minnesota from EIA's monthly utility survey, with the trend, the largest utilities and what power costs a typical homeowner.

Residential rate

17.20¢

▲ 1.8% vs a year agoper kWh, August 2026; ranks 21 of 51 (1 = highest)

Commercial rate

13.41¢

per kWh, August 2026

Average home bill

$121

per month over the last 12 months, about 745 kWh

U.S. residential average

18.16¢

Minnesota is 5% below the U.S. average.

Find your utility's rate by ZIP

Minnesota vs U.S. residential rate

Cents per kWh by month, last 36 months.

Last 12 months in Minnesota

Month	Residential	Commercial	U.S. residential	Avg kWh	Avg bill
August 2026	17.20¢	13.41¢	18.16¢	844	$145
July 2026	17.45¢	13.49¢	18.31¢	971	$169
June 2026	17.52¢	13.68¢	18.34¢	711	$125
May 2026	16.95¢	12.88¢	18.44¢	626	$106
April 2026	16.39¢	12.50¢	18.86¢	629	$103
March 2026	15.69¢	11.92¢	18.60¢	721	$113
February 2026	15.37¢	12.08¢	17.65¢	753	$116
January 2026	14.96¢	11.40¢	17.45¢	891	$133
December 2025	14.94¢	11.70¢	17.11¢	854	$128
November 2025	15.65¢	11.97¢	17.77¢	641	$100
October 2025	16.34¢	12.12¢	17.95¢	632	$103
September 2025	17.07¢	13.28¢	18.05¢	664	$113

Largest utilities in Minnesota

Residential rates for the biggest utilities in Minnesota that report monthly to EIA, ordered by number of homes served, for August 2026.

Utility	Type	Rate	Avg kWh	Avg bill	Homes
Northern States Power Co - Minnesota	Investor Owned	18.39¢	784	$144	1,256,017
Connexus Energy	Cooperative	14.94¢	983	$147	137,811
ALLETE, Inc.	Investor Owned	16.87¢	647	$109	127,596
Dakota Electric Association	Cooperative	14.62¢	958	$140	110,333
Rochester Public Utilities	Municipal	20.50¢	787	$161	56,248
East Central Energy	Cooperative	17.97¢	965	$173	56,075
Wright-Hennepin Coop Elec Assn	Cooperative	17.05¢	1,240	$211	55,335
Otter Tail Power Co	Investor Owned	14.06¢	875	$123	50,854
Sioux Valley SW Elec Coop	Cooperative	15.62¢	2,060	$322	3,376

What electricity adds to owning a home in Minnesota

A typical Minnesota home is valued at $348,778 (Zillow). With 10% down at this week's 7.24% 30-year rate, principal and interest come to about $2,139 a month. The average electric bill of $121 adds about 6% on top of that, or $1,455 a year. See Minnesota property tax and closing costs or run the monthly payment.

Bills follow the seasons: in Minnesota the highest-use month of the last year averaged 971 kWh per home and the lowest 626 kWh. Budget for the expensive months, not the average.

Common questions

What is the average electricity rate in Minnesota?

Homes in Minnesota paid an average of 17.20 cents per kWh in August 2026, 5% below the U.S. average of 18.16 cents (EIA Form 861M).

How much is the average electric bill in Minnesota?

Over the last 12 months the average Minnesota home used about 745 kWh a month and paid about $121 a month.

Have Minnesota electricity rates gone up?

The residential rate is 1.8% higher than in August 2025, when it was 16.89 cents per kWh.

What do businesses pay for electricity in Minnesota?

Commercial customers in Minnesota paid 13.41 cents per kWh in August 2026.

Electricity rates in all statesRanked table and ZIP lookup Minnesota buying costsProperty tax, transfer tax and closing costs Minnesota buyer programsDown payment help where you live

Sources: U.S. Energy Information Administration (EIA), Form EIA-861M monthly sales and revenue (state and utility data, latest month August 2026; EIA marks recent months preliminary and may revise them); ZIP-to-utility map: OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zip Code (2024), CC BY 4.0. Rates are average revenue per kWh (total bill divided by kWh sold), so they include fixed and delivery charges. EIA posts each month about eight weeks after it ends; this page checks for new data every morning.