US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

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

Minnesota

Xcel Energy (Northern States Power Minnesota) electricity rates

What homes pay Xcel Energy (Northern States Power Minnesota) for electricity, from EIA.

Investor-owned utility, 1,256,017 homes in Minnesota. EIA lists it as Northern States Power Co - Minnesota.

Headlines

Average price
17.2¢ a kWh
Up 1.8% on a year ago
Average bill
$107 a month
Up 3.6% on a year ago
Average use
623 kWh
A month. Minnesota 745 kWh
Price rank in Minnesota
3 of 8
1 is the most expensive

Over the 12 months to August 2026, Xcel Energy (Northern States Power Minnesota) homes paid 17.2¢ a kWh, against 16.3¢ across Minnesota.

Xcel Energy (Northern States Power Minnesota) vs Minnesota

Xcel Energy (Northern States Power Minnesota)Minnesota
Average price, 12 months to August 202617.2¢16.3¢
Price in August 202618.4¢17.2¢
Average monthly bill, 12 months$107$121
Bill in August 2026$144$145
Average monthly use623 kWh745 kWh
Price change, past year+1.8%+4.2%
Price change since 2019+26%+25%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including August 2026

Source: EIA-861M monthly utility survey.