Electricity Rates in Lake city, MN
The average residential electricity rate in Lake city, MN is 17.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 13.3% above the Minnesota state average.
Electricity Providers in Lake city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
| People's Cooperative Services | 17.0¢/kWh | 14.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake city
At 17.0¢/kWh, a typical Lake city household spends approximately $1807.44/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 city
Charging an electric vehicle at home in Lake city costs approximately $153.00/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 city, MN?
The average residential electricity rate in Lake city, MN is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Lake city?
Lake city is served by 2 electricity providers. Northern States Power Co - Minnesota is the largest provider in the area, though rates and availability vary by specific address.
How do Lake city electricity rates compare to the rest of Minnesota?
Lake city's average rate of 17.0¢/kWh is 13.3% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.