Electricity Rates in Elk river, MN
Residents of Elk river, MN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 4 electricity providers, with City of Elk River being the largest.
Electricity Providers in Elk river
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Elk River | 16.0¢/kWh | 15.0¢/kWh | Municipal |
| Connexus Energy | 14.0¢/kWh | 11.0¢/kWh | Cooperative |
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Wright-Hennepin Coop Elec Assn | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Elk river
At 15.0¢/kWh, a typical Elk river household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Elk river
Charging an electric vehicle at home in Elk river costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Minnesota
Frequently Asked Questions
What is the average electricity rate in Elk river, MN?
The average residential electricity rate in Elk river, MN is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Elk river?
Elk river is served by 4 electricity providers. City of Elk River is the largest provider in the area, though rates and availability vary by specific address.
How do Elk river electricity rates compare to the rest of Minnesota?
Elk river's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.