Electricity Rates in Lake benton, MN
Residents of Lake benton, MN benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Otter Tail Power Co being the largest.
Electricity Providers in Lake benton
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Otter Tail Power Co | 11.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Sioux Valley SW Elec Coop | 13.0¢/kWh | 16.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake benton
At 12.0¢/kWh, a typical Lake benton household spends approximately $1275.84/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 Lake benton
Charging an electric vehicle at home in Lake benton costs approximately $108.00/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 Lake benton, MN?
The average residential electricity rate in Lake benton, MN is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Lake benton?
Lake benton is served by 2 electricity providers. Otter Tail Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Lake benton electricity rates compare to the rest of Minnesota?
Lake benton's average rate of 12.0¢/kWh is 20.0% below the Minnesota state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.