State electricity profile · EIA monthly through May 2026
Minnesota Electricity
As of May 2026, residential electricity in Minnesota costs 16.95¢ per kWh (+7.0% vs May 2025). EIA publishes these figures monthly and this page follows them. Minnesota's 2025 annual residential electricity rate is 15.82¢/kWh, 8.6% below the US average. Power costs less here than the US average, with renewables at 33% of generation and the balance, detailed below, coming from conventional fuels.
- 16.95¢
- May 2026 rate
- +7.0%
- year over year
- 15.82¢/kWh
- Residential rate
- -8.6%
- vs US average
- 33%
- Renewable
- 2.6M
- Customers
Verify with EIA → · Methodology
15.82¢/kWh residential, 12.27¢/kWh commercial
In the U.S. Energy Information Administration's 2025 annual-frequency retail-sales series, Minnesota's residential average revenue per kWh is 15.82¢/kWh, with a commercial average of 12.27¢/kWh and an industrial average of 9.32¢/kWh; a separate EIA generation series for 2025 reports 33% of the state's generation from renewables.
- 8.6% below the US average vs national residential average
- 33% renewable generation
The verdict · 2025
Minnesota's residential electricity runs 15.82¢/kWh - 8.6% below the 17.30¢/kWh national average, cheaper than 44% of other states, with 33% of its power from renewables.
This is EIA state average revenue per kWh across 2.6M reported residential customers, a benchmark for comparing states, not the tariff on any single bill. Source: EIA retail-sales API, annual frequency.
Annual rate change
What changed in the 2025 annual EIA period
- Minnesota's residential average rose from 15.45¢/kWh to 15.82¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +2.4%.
- Minnesota's industrial average rose from 9.15¢/kWh to 9.32¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +1.9%.
- Minnesota's commercial average rose from 12.15¢/kWh to 12.27¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +1.0%.
Energy Generation Mix (2025)
How Minnesota generates its electricity, from the EIA generation series for 2025 (separate from the 2025 retail-sales price figures above). Renewable sources account for 33.4% of generation.
- Windrenewable25.4%
- Coal23.3%
- Nuclear21.8%
- Natural Gas21.0%
- Solarrenewable6.0%
- Hydrorenewable1.5%
- Other0.5%
- Biomassrenewable0.4%
Who generates Minnesota's electricity
Minnesota has 1,245 operable generating units on EIA's inventory totalling 18,113 MW of net summer capacity. The largest single plant is Sherburne County , a conventional steam coal station operated by Northern States Power Co - Minnesota , rated 1,556 MW.
Balancing authorities keep supply and demand matched on the grid; the largest here by capacity are Midcontinent Independent Transmission System Operator, Inc., Southwest Power Pool and PJM Interconnection, LLC.
Showing the 16 largest of 782 operable plants in Minnesota by net summer capacity.
| Plant | Operator | Technology | County | MW |
|---|---|---|---|---|
| Sherburne County | Northern States Power Co - Minnesota | Conventional Steam Coal | – | 1,556 |
| Prairie Island | Northern States Power Co - Minnesota | Nuclear | – | 1,040 |
| Clay Boswell | ALLETE, Inc. | Conventional Steam Coal | – | 937 |
| Mankato Energy Center | MEC Holdings, LLC | Natural Gas Fired Combined Cycle | – | 654 |
| Monticello Nuclear Facility | Northern States Power Co - Minnesota | Nuclear | – | 617 |
| High Bridge | Northern States Power Co - Minnesota | Natural Gas Fired Combined Cycle | – | 530 |
| Allen S King | Northern States Power Co - Minnesota | Conventional Steam Coal | – | 511 |
| Lakefield Junction | Great River Energy | Natural Gas Fired Combustion Turbine | – | 497 |
| Black Dog | Northern States Power Co - Minnesota | Natural Gas Fired Combustion Turbine | – | 491 |
| Riverside (MN) | Northern States Power Co - Minnesota | Natural Gas Fired Combined Cycle | – | 454 |
| Pleasant Valley (MN) | Great River Energy | Natural Gas Fired Combustion Turbine | – | 424 |
| Blue Lake | Northern States Power Co - Minnesota | Natural Gas Fired Combustion Turbine | – | 328 |
| Cannon Falls Energy Center | Invenergy Services LLC | Natural Gas Fired Combustion Turbine | – | 316 |
| Inver Hills | Northern States Power Co - Minnesota | Natural Gas Fired Combustion Turbine | – | 272 |
| Faribault Energy Park | Minnesota Municipal Power Agny | Natural Gas Fired Combined Cycle | – | 261 |
| LSP-Cottage Grove LP | Cottage Grove Operating Services LLC | Natural Gas Fired Combined Cycle | – | 251 |
| Operating company | Plants | Net summer MW |
|---|---|---|
| Northern States Power Co - Minnesota | 26 | 7,767 |
| Great River Energy | 9 | 1,421 |
| ALLETE, Inc. | 18 | 1,287 |
| EDF Renewable Asset Holdings, Inc. | 5 | 812 |
| MEC Holdings, LLC | 1 | 654 |
| Avangrid Power LLC | 6 | 599 |
| Minnesota Municipal Power Agny | 4 | 391 |
| Invenergy Services LLC | 1 | 316 |
| Cottage Grove Operating Services LLC | 1 | 251 |
| Nobles 2 Power Partners, LLC | 1 | 250 |
Operable units only, from EIA's generator inventory as reported for 2026-05. Capacity is net summer rating, which is what a unit can reliably deliver in peak conditions rather than its nameplate figure. Ownership and operatorship can differ; the company shown is the one EIA records as operating the unit.
What Minnesota's Electricity Data Tells Us
Residential customers in Minnesota pay 15.82¢/kWh in 2025, across 2.6M metered households, placing the state 8.6% below the national residential average of 17.30¢/kWh. Commercial rates sit at 12.27¢/kWh while industrial buyers pay 9.32¢/kWh. These sector averages describe recorded revenue per kWh; this dataset alone does not establish why they differ. Annual residential sales total 23.3M MWh on roughly $3.7B in utility revenue. Sales and revenue are reported retail-series measures and should not be treated as a local load forecast.
Households carry more of the load here than the headline suggests: Minnesota ranks 23 of 51 residential but 18 industrial, the ordinary shape of a rate structure that treats industrial supply as the cheaper class. Minnesota's generation is unusually spread across fuels: the leading source, wind, accounts for only 25.4%, and coal at 23.3% is barely behind it. It is the leading fuel in 5 states. Renewable fuels (solar, wind, hydro, geothermal and biomass) account for 33.4% of Minnesota's electricity output. These shares describe in-state generation, not a utility-specific customer bill.
Looking back across EIA records, residential prices in Minnesota moved from 12.67¢/kWh in 2016 to 15.82¢/kWh in 2025, a 24.9% shift over that window. States charging a similar rate include Colorado, Alabama, Texas, a useful peer set for a sanity check. Wind has no fuel bill, so Minnesota's costs sit in transmission and in what fills the hours when the wind is down. That inverts the usual reading: the rate above is less about commodity prices than about how much back-up capacity the state keeps standing. A state average sitting modestly under the national one is the easiest kind to misread, because the spread between utilities inside Minnesota can be wider than the gap to the national figure it is being compared against.
-8.6%
Cheaper vs the US residential average
44%
of states have higher rates — Mid-range cost
33%
Moderate renewable — above the 25% US mix
2.6M
residential customers served
Residential Price History
Minnesota residential average revenue per kWh moved from 12.67¢/kWh in 2016 to 15.82¢/kWh in 2025 (24.9% over the window).
- Minnesota residential avg
- 15.82¢/kWh 24.9% since 2016
- 2016 → 2025
- Minnesota residential: 2016, 12.7¢
- Minnesota residential: 2017, 13¢
- Minnesota residential: 2018, 13.1¢
- Minnesota residential: 2019, 13¢
- Minnesota residential: 2020, 13.2¢
- Minnesota residential: 2021, 13.5¢
- Minnesota residential: 2022, 14.3¢
- Minnesota residential: 2023, 14.7¢
- Minnesota residential: 2024, 15.5¢
- Minnesota residential: 2025, 15.8¢
Source: U.S. Energy Information Administration, retail-sales API · annual frequency. Minnesota full trend →
Minnesota Average Price by Sector and Year (¢/kWh)
The chart above tracks households only. In 2025, Minnesota households paid 15.82¢/kWh while businesses paid 12.27¢/kWh, a 28.9% residential premium, a wider household-versus-business gap than most states. Every year EIA has published is below, so a single year can be read across all three sectors rather than assembled from three separate EIA queries.
| Year | Residential | Commercial | Industrial |
|---|---|---|---|
| 2025 | 15.82¢/kWh | 12.27¢/kWh | 9.32¢/kWh |
| 2024 | 15.45¢/kWh | 12.15¢/kWh | 9.15¢/kWh |
| 2023 | 14.73¢/kWh | 12.39¢/kWh | 9.20¢/kWh |
| 2022 | 14.25¢/kWh | 12.30¢/kWh | 9.25¢/kWh |
| 2021 | 13.50¢/kWh | 11.22¢/kWh | 8.29¢/kWh |
| 2020 | 13.17¢/kWh | 10.43¢/kWh | 7.67¢/kWh |
| 2019 | 13.04¢/kWh | 10.34¢/kWh | 7.53¢/kWh |
| 2018 | 13.14¢/kWh | 10.38¢/kWh | 7.52¢/kWh |
| 2017 | 13.04¢/kWh | 10.48¢/kWh | 7.37¢/kWh |
| 2016 | 12.67¢/kWh | 9.86¢/kWh | 7.37¢/kWh |
Average revenue per kilowatt-hour, U.S. Energy Information Administration annual-frequency retail-sales series. Revenue per kWh is what customers in each sector actually paid on average, not an advertised tariff rate. Years with no EIA figure for a sector show —.
Where Minnesota's residential rate sits nationally
2025 average revenue per kWh across every reporting state
15.82¢/kWh 44th affordability percentile More affordable than 44% of 50 other states
all reporting states, equal-width bands
Each bar spans 5¢/kWh. Taller bars contain more states; the dashed marker locates this state. Hover, focus or tap a bar for its exact count and share.
Source U.S. Energy Information Administration, retail-sales API · 2025 annual frequency
How Minnesota compares
Average revenue per kWh, EIA retail-sales API. Pick a benchmark above to compare Minnesota against the US average or a peer state.
Market Overview
Residential Revenue
$3.7B
Commercial Revenue
$2.8B
Residential Sales
23.3M MWh
Residential Customers
2.6M
Using Minnesota's numbers
Minnesota is mid-transition, which is the phase where prices are hardest to predict: it is paying to run the old fleet and to build the new one at the same time, and the rate above sits in the middle of that.
- Minnesota sits 8.6% below the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. Minnesota price trend
- Compare Minnesota side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector, computed as revenue divided by sales, so delivery and taxes are inside them but not broken out. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
States with Similar Electricity Prices
Other states led by wind
These grids also report wind as their largest generation share in the latest EIA mix — a different peer set from the price neighbors above.
Frequently Asked Questions
How much does electricity cost in Minnesota? ▼
Where does Minnesota's residential electricity rate rank nationally? ▼
How much of Minnesota's electricity is renewable? ▼
Are electricity prices going up in Minnesota? ▼
What are commercial and industrial electricity rates in Minnesota? ▼
Which energy sources generate the most electricity in Minnesota? ▼
Where does RateWatt's Minnesota electricity data come from? ▼
Read with Minnesota: renewable vs fossil fuel costs
Where Minnesota's figures come from
Every price and generation figure on this page is drawn from the EIA series below, and from nothing else.
- 📊 EIA State Energy Profile, Minnesota State energy database
- ⚡ EIA Electric Power Monthly The monthly and annual price series behind every rate here
- 🌿 EIA generation by source The in-state generation shares quoted above
- 📖 Our methodology Source-to-figure lineage, and further federal energy references
Utilities serving Minnesota
The 46 utilities that reported bundled residential service in Minnesota to EIA Form 861 (2024), largest first. Entity prices below are Form 861 averages for that release, not the same survey as the 2025 retail-sales statewide average above, and not a household tariff. What an individual household pays depends on which of these serves its address.
| Utility | Ownership | Customers | Avg ¢/kWh |
|---|---|---|---|
| Northern States Power Co - Minnesota | Investor Owned | 1.2M | 16.98¢ |
| Connexus Energy | Cooperative | 134.1K | 13.66¢ |
| ALLETE, Inc. | Investor Owned | 125.9K | 15.66¢ |
| Dakota Electric Association | Cooperative | 108.1K | 14.00¢ |
| East Central Energy | Cooperative | 55.3K | 16.89¢ |
| Rochester Public Utilities | Municipal | 54.9K | 17.91¢ |
| Wright-Hennepin Coop Elec Assn | Cooperative | 53.7K | 14.59¢ |
| Otter Tail Power Co | Investor Owned | 50.1K | 11.33¢ |
| Lake Country Power | Cooperative | 47.2K | 17.90¢ |
| Crow Wing Cooperative Power & Light Comp | Cooperative | 44.7K | 13.33¢ |
| Minnesota Valley Electric Coop | Cooperative | 43.4K | 13.98¢ |
| Lake Region Electric Cooperative - (MN) | Cooperative | 27.2K | 13.28¢ |
| Stearns Cooperative Elec Assn | Cooperative | 26.1K | 13.88¢ |
| People's Cooperative Services | Cooperative | 21.7K | 16.70¢ |
| Beltrami Electric Coop, Inc | Cooperative | 20.7K | 14.40¢ |
Showing the 15 largest of 46 reporting utilities. The 4 serving 100.0K+ residential customers link to a full profile. Presence in EIA Form 861 is not evidence that a utility is available at a given address or that a customer may choose it.
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Statewide prices use the EIA retail-sales annual series (2025). Generation mix uses a separate EIA generation series (2025). Utility rows use Form EIA-861 (2024) and are not averaged into the statewide retail-sales figure. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.