NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in Minnesota

What homes in Minnesota pay for electricity, from EIA.

Headlines

Average price
16.3¢ a kWh
Up 4.2% on a year ago
Average bill
$121 a month
Up 5.0% on a year ago
Average use
745 kWh
A month. US 875 kWh
Price rank
24 of 51
1 is the most expensive

Over the 12 months to August 2026, Minnesota homes paid 16.3¢ a kWh, against a US average of 18.0¢.

Minnesota vs the US

MinnesotaUS
Average price, 12 months to August 202616.3¢18.0¢
Price in August 202617.2¢18.2¢
Average monthly bill, 12 months$121$158
Bill in August 2026$145$209
Average monthly use745 kWh875 kWh
Price change, past year+4.2%+6.5%
Price change since 2019+25%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in Minnesota

Past 12 months, utilities with 10,000 homes or more. These utilities serve 70% of homes in Minnesota; smaller utilities serve the rest.

Xcel Energy (Northern States Power Minnesota)Investor-owned17.2¢+1.8%$1071,256,017
Connexus EnergyCooperative15.1¢+8.3%$123137,811
ALLETEInvestor-owned16.7¢+7.8%$113127,596
Dakota Electric AssociationCooperative15.8¢+5.0%$119110,333
Rochester Public UtilitiesMunicipal19.5¢+6.0%$11556,248
East Central EnergyCooperative17.9¢+3.2%$15656,075
Wright-Hennepin Cooperative Electric AssociationCooperative15.6¢+5.0%$14855,335
Otter Tail PowerInvestor-owned11.9¢+5.8%$11050,854

Heating fuels in Minnesota: heating oil, propane.