Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified June 2026
Minnesota Electricity Cost 2026: 16.39¢/kWh
Minnesota residential electricity rates average 16.39 cents per kWh in 2026, -13.0% vs the 18.83¢ US national average. The state operates a regulated retail market with wind/nuclear as the primary generation source.
State Rate
16.39
cents/kWh
Monthly Bill
$141
at 863 kWh
vs National
-13.0%
national avg 18.83¢
Rank (cheapest first)
25/50
YoY change +8.7%
Market Type
Regulated
Supply rate set by state PUC
Primary Generation
Wind/Nuclear
per EIA State Energy Profile
Annual Bill (avg usage)
$1,697
vs national $1,950
Minnesota electricity market
Regulated state served by Xcel Energy (the largest utility, covering Twin Cities metro), Minnesota Power, Otter Tail Power, and a network of municipal utilities and cooperatives. Generation mix is shifting from coal to wind, with significant nuclear baseload (Monticello, Prairie Island).
Where Minnesota residents save
No retail competition. Xcel offers an opt-in TOU rate (Time-of-Day Rate) with off-peak windows that work well for EV charging. The Conservation Improvement Program funds utility-administered efficiency rebates.
Primary utilities
- Xcel Energy
- Minnesota Power
- Otter Tail Power
Minnesota bill estimates by usage
| Home Profile | Monthly kWh | Monthly Bill | Annual Bill |
|---|---|---|---|
| Apartment | 500 | $82 | $983 |
| Small house | 750 | $123 | $1,475 |
| Average household | 863 | $141 | $1,697 |
| Large house | 1200 | $197 | $2,360 |
| Large house + EV | 1500 | $246 | $2,950 |
Estimates use the Minnesota state-average rate of 16.39¢/kWh from EIA data. Your actual bill includes delivery charges, customer-service fees, and state/local taxes already blended into this retail rate, plus any locality-specific surcharges not captured at the state-average level.